Market Commentary


The World with COVID-19

View All 2020 Market Commentary

March 27, 2020

JCR COVID-19 Update

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August-October 2019

Federal Reserve cuts rates three times


August 2019 Market Commentary

Welcome to today's investment landscape, where challenges abound

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December 3, 2019

December 2019 Market Commentary

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August 22, 2019

August 2019 Market Commentary

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March 1, 2019

March 2019 Market Commentary

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Will we see a reversion to the mean?

View All 2018 Market Commentary

September 6, 2018

High Noon: The Coming Dilemma Over Rising Interest Rates and Rising Cap Rates

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March 6, 2018

Reversion to the Mean

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March 1, 2018

March 2018 Market Commentary

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March 2017 Market Commentary

There continues to be a bid-ask spread between what we and the market believe to be achievable

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November 22, 2017

2018 Market Forecast: Wash, Rinse, Repeat

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August 15, 2017

August 2017 Market Commentary: The Unintended Consequences of Risk Avoidance

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June 8, 2017

June 2017 Market Commentary

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March 22, 2017

March 2017 Market Commentary: Market Risk and What We Are Doing About It

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Q1 2016 Market Commentary

For the first time in a while, we are seeing real estate equity investors pause

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December 7, 2016

December 2016 Market Commentary

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May 1, 2016

Market Commentary May 2016

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February 1, 2016

Market Commentary February 2016

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December 2015

Federal Reserve raises rates for the first time since 2006


Q4 2015 Market Commentary

Peak values in commercial real estate are in the rear view mirror

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November 1, 2015

Market Commentary November 2015

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August 1, 2015

JCR Sees the Market Uncertain Before The Wall Street Journal

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April 1, 2015

The Graying of America’s Real Estate

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Q3 2014 Market Commentary

The Federal Reserve’s interest rate policy has created an abundance of optimism and potential price bubbles in a variety of asset classes

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November 1, 2014

November 2014 Market Commentary

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August 1, 2014

August 2014 Market Commentary

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The Bernanke Bubble

What Allen Greenspan did for housing values, Ben Bernanke is doing for commercial assets that have any income stream

View All 2013 Market Commentary

September 1, 2013

Market Commentary & Current Investment Themes September 2013

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July 1, 2013

The Bernanke Bubble

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Q3 2012

10-Year Treasury Note reaches record low


Commercial Real Estate Journal

Today most investors are not greedy, they simply want to get a decent yield on their capital with a very low risk of principal loss

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June 12, 2012

Investment 2012

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Q1 2011 Market Commentary

The resurgence of the conduit market, a steady flow of bank notes, and an improving economy have sparked the beginning of the ‘new normal’ era

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February 1, 2011

February 2011 Market Update

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Q4 2010 Market Commentary

We are continuing to experience the pain of deleveraging in our industry at the same time that new lending programs are starting up…We are used to seeing markets that go up or down, but not both at the same time

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October 1, 2010

Market Commentary October 2010

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October 1, 2010

The Future of CRE Finance: Limited Capital Supply Lingers

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March 2009

Bear Market Low (Dow Troughs at 6,547)


Q1 2009 Market Commentary

This will be a gut wrenching, shakeout year for the commercial real estate industry

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June 1, 2009

The Commercial Real Estate Outlook

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March 1, 2009

2009 Market Update and Forecast

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September 2008

Lehman Brothers files for bankruptcy


Q1 2008 Market Commentary

We are all witnessing firsthand the unwinding, deleveraging and dislocation of one of the greatest real estate bull runs in history

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August 15, 2008

August 2008 Market Update

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June 10, 2008

JCR Capital Market Update June 2010

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March 15, 2008

JCR Capital Market Update: March 2008

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As Good as it Gets

We will all look back on the second quarter of 2007 and conclude that was as good as it got

View All 2007 Market Commentary

November 1, 2007

On the Verge of Opportunity

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August 1, 2007

JCR Market Commentary: Now What?

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July 1, 2007

As Good As It Gets? Four Compelling Trends in the Mortgage Markets Point to a Near-Term Slowdown

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A Tale of Two Cities

Underwriting standards have relaxed. Marginal deals that had no home now have numerous suitors

View All 2006 Market Commentary

September 1, 2006

A Tale of Two Cities: How the Structured Real Estate Finance Business is Differentiated by Asset Classes

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