Credit Issues Slowing Recovery

A survey of 200 real estate executives by Akerman & Co, a national commercial real estate company, reveals they believe credit issues and the volume of distressed properties continue to inhibit the recovery of the real estate market. The report found that:

• 79 percent of respondents said availability of credit and other financing challenges was the most pressing issue facing the industry.
• 65 percent believe that large inventories of lender-owned properties are preventing a recovery in the commercial real estate industry.
• 44 percent said inventories of distressed properties and their effect on pricing was the second most pressing issue.
• 54 percent believe residential is the real estate sector best positioned for a recovery.
• 20 percent said the industrial sector is best positioned.

Source: Akerman Senterfitt (04/05/2010)