Commercial financing will remain limited and force additional increases in bank owned inventories Financial Institutions will increase fully reserved inventories pressing for results from disposition strategies.
 

Private Equity firms will continue to form and begin to acquire both income and non-income asset types. Bank owned inventories will be subject to more rapid and lower clearing prices.
 

The Washington metropolitan region will be the first market to come out of the recession, beginning in early 2010.  This will create competitive pressures on local and region banking institutions from North Eastern banking concerns unharmed by the sub-prime event.
 
- William M. Tyler
  CEO
  Bank Real Estate Services