Mortgage Banking

Making sense of commercial real estate finance.

State of Downtown (Seattle)

Posted by Jordan Crouch on February 11, 2008

Quick Economic Notes:
At the State of Downtown breakfast last week the mayor and governor both spoke about the economic success of the Northwest compared to the rest of the country. Visit downtownseattle.com to see copious amounts of data justifying that claim. Also check out this aerial photo of all development projects in Seattle (there’s quite a few).

In other economic news, global policymakers have raised the estimated losses from the subprime credit crunch to almost $400 Billion. $150 Billion was the previous estimate made last year. This leads some to believe that the economy hasn’t hit the bottom yet. Either way the effect on commercial real estate locally should be minimal. 

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