Lenders' Insatiable Appetite for Commercial Real Estate
Uncertainty is Main Reason for Uneven CRE Market | by Carrie Rossenfeld
GlobeSt writes: Uncertainty over several key factors—including the looming “fiscal cliff” and stubbornly persistent Eurozone crisis—is perpetuating today’s sluggish economy, according to speakers at the recent Trigild Lender Conference. According to Robert Guest, business editor for The Economist, the US is facing a double whammy: “an increase in taxes and cuts in spending,” which could send the economy into another recession. Sam Chandan PhD, president and chief economist for Chandan Economics, said that “the potential impact of not resolving this problem presents a real risk.”
Read the article at the GlobeSt website.