August 8 | GlobeSt

After the S&P Downgrade | by Erika Morphy | Following the downgrade of US, S&P also lowered the credit ratings of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. What does the downgrade mean for the apartment sector? Higher costs of capital. In contrast, Treasury yields fell after they were downgraded. Sam Chandan explains that ""investors are nervous, and that will result in a flight to quality. That means capital flowing into Treasuries, in spite of the ratings adjustment, which may push yields even lower than we observed during the recession."

August Economic Review

Further Evidence of a Rocky Recovery S&P's downgrade of US debt offered investors no new information about the quality or the riskiness of Treasury securities. It has, however, challenged foundational assumptions about the workings of the global financial system at a difficult juncture for the fragile recovery. The uncertainties introduced as a result coincide with other, less qualitative measures of the US economy’s performance, which generally show that the recovery has slowed.

Price Decoupling in Cardinal Markets

Commercial real estate investment activity has rebounded strongly in cardinal markets over the course of the last several quarters. Sales volume and pricing metrics have both climbed off their lows, outpacing improvements in other primary markets. The gains measured for the most visible assets, in the office sector in particular, have exceeded upside expectations during the depths of the financial crisis. Even as cap rates have fallen, going-in spreads have remained wide by historic standards, owing to rock bottom Treasury rates and attracting a confluence of investors and lenders.

August 1 | CNBC

What to Make of the Debt Deal | In the hours after the announcement of a Congressional deal on raising the debt ceiling, Sam Chandan speaks with the CNBC's Squawk Box about the implications of the agreement for the US and global economies. Dr Chandan tells CNBC that the debt deal does not go far enough, and that restructuring of federal revenues and expenditures will be one of the central issues of the 2012 presidential election.

Watch the video at the CNBC website.

July 31 | Apartment Finance Today

Is the Bloom Off the Homeownership Rose? | by Jerry Ascierto | Pointing out that the national homeownership rate has fallen to a 13-year low, Jerry Ascierto asks if the shift represents a cyclical move away from ownership or a structural adjustment.

July 29 | National Real Estate Investor

What's Driving Institutional Investors' Bumper Crop? | by Ben Johnson | Institutional investors have enjoyed strong returns on their real estate portfolios during the first half of 2011, Ben Johnson explains. He points to the example of the New York State Common Retirement Fund, which "reported a 26.7% return on its real estate portfolio for the fiscal year that ended June 30, 2011.