For years, as Internet use boomed, builders of the giant, air-conditioned computer warehouses known as data centers couldn’t keep up with demand.

Now, though many investors continue to pile into the data-center business, one of the few hot spots in real estate, others fear the peak may be past.

In key markets from New Jersey to Silicon Valley, there are signs that supply is catching up with the needs of the telecommunications, Internet and other companies that rent space from data-center landlords. Adding to the concern, some large tenants, such as Facebook Inc., are building their own facilities and avoiding …

Article source: http://online.wsj.com/article/SB10001424052702303763404576417531646400002.html?mod=googlenews_wsj

If you have no desire or need to sell your home, then falling home prices are just on paper and likely temporary, right? Depends on how you look at it.

Falling home prices put more borrowers in a negative equity position, that is owing more on their mortgage(s) than their homes are worth. We call that “underwater,” and for good reason, because for some borrowers that sense of drowning in debt has profound implications.

Today Zillow.com reported a new high in negative equity: 28.4 percent of single family homes with a mortgage (remember, 32 percent of all homeowners do not have a mortgage).

That’s a national average, but the numbers are far worse in some of the nation’s big metros. Atlanta, for example, has a 55.7 percent negative equity rate. Denver, 41 percent, Chicago nearly 46 percent. This is on top of all the foreclosure hot spots like Phoenix, where close to three quarters of all borrowers are underwater.

Why should we care if it’s all on paper?

Page 1 of 3 | Next Page
Show Entire Article

Trading the Flood: Gas Futures Surge on Refinery Concerns

Pro: Early Stages Of EU Falling Apart?

More Couples Arguing About Money, Sneaking Purchases

Obama Gets Slight Boost From Bin Laden Killing: NBC Poll

What Makes a Stock Cheap?

More Top Stories

Article source: http://www.cnbc.com/id/42957613?__source=RSS*blog*&par=RSS