Slowing Real Estate Sales Hurting Banks Earnings

Smaller banks in California are starting to be impacted by the  real estate slowdown in their state. It will be interesting to see how this plays out in the future.

The slowing housing market is already taking a toll on Bay Area bankers who depend heavily on low-cost real estate deposits.
UnionBanCal Corp., Comerica Inc. and City National Corp. have seen their shares slide as worries mount over how they’ll be affected by their dependence on low-cost commercial deposits and real estate-related escrow balances “via  MSNBC.com

Related posts:
  1. Boston Real Estate Sales Coming Back – Are Yours?
  2. Alert The Media – Banks Are Making Commercial Real Estate Loans

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    • Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
      Pete | 21Mar10 | More
    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
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