Willy Walker: "Crisis Averted in commercial real estate"

CNBC Interview with Willy Walker of Walker & Dunlop: 

Here's what he said: 

1) Mr .Walker sees improvement coming in CRE and claims "crisis averted" 

2) Delinquent rates stayed stable in August as some loans were cured while new defaults rose;  

3) Cost of permanent debt is down after recent rate cuts; 

Weitz: Sorry. Not buying it. Way too soon to claim victory. We still have sky high delinquencies and fundamental concerns across all sectors of the economy. As the old saying goes, "don't ask your barber if you need a haircut". I believe Mr. Walker is hoping for a recovery rather than truly seeing one. Perhaps I'm wrong but I simply don't see an immediate 'U-turn' based purely on a 50 basis point cut in rates considering where we were rates wise 3-4 years ago. Time will tell - I'm excited to see where it goes.