Big Value Drop Could Be on Horizon, Princess Cruise Lines Downsizes HQ, Freddie Mac Ramps Up Single-Lender Deals

Big Value Drop Could Be on Horizon: Across the globe, more forecasts suggest a big drop in real estate values could be on its way. Bayes Business School in London indicated values need to fall between 25% and 30% to match today’s lending realities of tighter underwriting and higher costs. Just such a decline in values has already occurred this year in U.S. real estate investment trust stocks. Alan Todd, commercial mortage-backed securities strategist for Bank of America Securities, says that could very well predict where brick-and-mortar prices are headed.