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With respect to property types, quite clearly restaurant, retail and hotel properties have been hard hit. The Trepp CMBS Delinquency Rate in May logged its largest increase since it started tracking this metric in 2009. We specialize in appraisals, market studies and litigation support on all types of realproperty.
This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. On 3/23/20, Governor Gretchen Whitmer announced a “stay at home” order affecting all non-essential businesses, which included real estate showings. What about property taxes and their effect on affordability?
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Among the rights that come with realproperty ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. However, the new guidelines apply to properties with up to 90% LTV.
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