Pioneer Press

Jim Vitt, senior vice president and market manager for commercial real estate

Talk of the most recent recession and recovery has centered largely on residential real estate. The housing bubble of the past decade was fueled by speculative lending, artificial demand and the fallacy that home prices will always go up. The blow-up caused waves of foreclosures, bank failures, job losses and a stock market crash. The recovery has been fitful at best, both broadly and within the housing market. Hear from James Vitt, senior vice president, market manager for commercial real estate in Minnesota, Associated Bank.

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