Credit Issues Slowing Recovery

Daily Real Estate News | April 6, 2010 | Share
Credit Issues Slowing Recovery, Execs Say
A survey of 200 real estate executives by Akerman & Co, a national commercial real estate company, reveals they believe credit issues and the volume of distressed properties continue to inhibit the recovery of the real estate market. The report found that:

79 percent of respondents said availability of credit and other financing challenges was the most pressing issue facing the industry.
65 percent believe that large inventories of lender-owned properties are preventing a recovery in the commercial real estate industry.
44 percent said inventories of distressed properties and their effect on pricing was the second most pressing issue.
54 percent believe residential is the real estate sector best positioned for a recovery.
20 percent said the industrial sector is best positioned.

Source: Akerman Senterfitt (04/05/2010)

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