Still ugly according to the Kiplinger report, thou less than a year ago. More deals are getting done. Buyers and sellers are getting closer on pricing. And a small amount of mortgage backed debt is again being securitized and sold, providing a trickle of new financing now and the hope of a steadier stream in the future.
What’s selling? Largely trophy buildings, mostly in international gateway cities such as Boston, New York, Washington, Houston, Denver, and Seattle, plus to a lesser degree, properties in Portland, Dallas and Austin.
This is exceptionally great news all the way around.