Category: Defaulting Loans
-
Challenging Sales Market Will Push Default Rates Higher in 2009
Feb 27, 2009 11:40 AM, By Elaine Misonzhnik Deteriorating property fundamentals and a dearth of available financing continued to wreck havoc on the investment sales market in the fourth quarter of 2008, reports New York-based research firm Reis. Sales volumes fell by double digits compared with the fourth quarter of 2007 in office, retail, multi-family…