Biotech Values

[zipjet]

Why wouldn't you see the "decline" as a response to a fall in demand, seeing as how much of the previous rise went to overbuilding commercial properties that are currently unoccupied?

I have no doubt that demand is down. But it is only one factor.

Other factors leading to lower lending by banks:

- need to strengthen their balance sheet;
- bank examiners pressure (this is particularly a problem on commercial real estate loans for small and mid-size banks).
- declining RE values.

ij