News

Santa Barbara Real Estate Prices Down From 2007

Santa Barbara real estate has taken a plunge, with median home list prices down from $1,667,500 in September 2007 to $649,000 this May.

Spanish SME CLOs well protected despite real estate exposure

Spanish SME CLO ratings are resilient in scenarios where the collateral performance significantly deteriorates but sovereign or counterparty risk does not increase, according to a new report by Fitch Ratings. This is despite their exposure to the real estate sector. Under a severe stress, no losses are expected for 'AA-sf' tranches, the highest rating achievable for Spanish structured finance transactions.

Manhattan Home Prices Steady in Second Quarter of 2012

Prices and sales volume for Manhattan real estate were unchanged in the second quarter of 2012, largely due to the continued decline in inventory, low interest rates and increased foreign investment.