Latest RCA Distressed Asset Update Speaks to Health of Market
GlobeSt.com reports: Real Capital Analytics’ (RCA) robust data set of distressed commercial properties was recently cited on GlobeSt.com to discuss the “paradox between rising distress totals and the general improvement in real estate markets…” Writer Bob Howard pointed out that, while outstanding distress in the US continues to mount, RCA data displays that inflows of troubled assets and lender real estate owned (REO) properties has slowed over the past year, and workouts of existing distress have begin in earnest.
Mr Howard stated that, "Data from RCA shows that new inflows to distress totaled $3.1 billion in May, the latest month for which figures are available. That $3.1 billion is half the average monthly inflow of $6.2 billion from the previous 12 months.”
Predictably, for market analysts at least, RCA data illustrates that the most outstanding distress still lies in the Western region of the US, with the Southeastern region a close second. The Mid-Atlantic markets have seen the least outstanding distress mount during the current cycle.
View the full article on GlobeSt.com: Latest RCA Distressed Asset Update Speaks to Health of Market
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Posted by: Nina Turner