The spread between asking prices and buyers idea of "market value" may still have a ways to go. For those who are waiting to sell, lowering prices and carrybacks may be ways to create buying pressure.
Despite Rescue Bailout, Institutions Wait on the Sidelines
Despite Rescue Bailout, Institutions Wait on the Sidelines
For more than a year, transaction volume, particularly in the office sector, has been stuck in a bid/ask logjam. Closed sales of downtown and suburban office properties year-to-date through August fell by 70% from a year ago, according to New York-based research firm Real Capital Analytics.[...more...]
