Posts Tagged ‘Fanny Mae’
The good news, according to this article, is that multifamily assets are getting picked up on the offer side. As you may remember, in 2009 and 2010 we talked about the intractable bid-offer spread in CRE: a situation where sellers weren’t being forced to sell (the offer side) and buyers were expecting large discounts (the bid side) yielding very low deal volume. So, now we’re seeing sellers who could hang in and actually get paid full price for their assets. Seems like pretty good news.
Like everything, however, there’s a cost. According to the article, Read the rest of this entry »