Loopnet, the top online resource for commercial real estate had a successful IPO today opening up. The last 5 Initial Public Offerings have all been flat so brokers were pleased that Loopnet’s IPO was successful and there is such confidence for the commercial real estate market. LoopNet priced in the middle of its $11-$13 range [...]
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This is just a little spooky. I bet there are a bunch of people who are expecting the housing bubble to pop hard to saying I told you so to this news. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.66%, up 0.05 percentage point from the previous week, and matching a four-year high [...]
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