Market Is Softening, But Analysts Think Worst Is Yet to Come
The Wall Street Journal reports: The City of Angels' property market is looking more earthbound, as the global financial crisis is beginning to play itself out in the region's real estate.
Though sale prices and the number of properties sold have plummeted with the deteriorating credit markets, as they have nationwide, the metro commercial-sales market was still one of the most liquid in the U.S. This year through the third quarter about $9.6 billion in office, retail, industrial and apartment properties valued at $5 million or more were sold, according to Real Capital Analytics, a New York-based real-estate research firm.
View the full article on The Wall Street Journal: Market Is Softening, But Analysts Think Worst Is Yet to Come
Posted by: Nina Turner