MORE HEADLINES
Economic Update
Many consumers are postponing large purchases amid uncertainty about their own financial future.
Domestic Equity
Dividend cuts in the first two months of 2009 already eclipsed the total for 2008.
International Equity
Emerging market equities showed better performance than developed markets.
Fixed Income
The Barclays Capital Aggregate Index (BCAG) declined by 0.4% during February.
Real Estate Securities
Approximately 30% of all REITs altered dividends in an effort to preserve capital.
Hedge Funds
Deleveraging and derisking of hedge fund portfolios seems to have worked its way through the system.
REAL ESTATE OUTLOOK—CHALLENGES AND OPPORTUNITIES IN THE CURRENT ENVIRONMENT
Residential real estate has been at the epicenter of the current economic crisis and daily headlines continue to announce negative news on existing home sales and new construction. While problems in residential real estate are now well known, recently the focus has shifted to commercial real estate, where declining values and overall weakness are putting pressure on owners and operators of commercial real estate properties. Thus, the pain in real estate is no longer solely confined to the residential market.
