Investors and Lenders Should Expect More Historically Low Interest Rates—But for How Long?
For the recovery in commercial real estate investment, and for the policy makers that have worried over the systemic implications of mass mortgage defaults, historically low interest rates have proven one of the downturn's few blessings. The last few quarters' sharp rise in property sales, in New York City and other major markets, would have been impossible under a scenario of significantly ...
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