Industry experts predict most property sectors in the Southeast will make modest improvements in 2013 according to an online survey conducted by the Southeast Real Estate Business magazine.
Although they expect improvement, a still slow economic recovery will continue to weigh down the market. Notwithstanding the slow recovery, transaction volumes are predicted to be higher in 2012, and lenders are also predicting an improved market looking ahead. The survey showed 84% of lenders expecting the total dollar amount of commercial and multifamily loans closed by their firms to rise in 2013. Here's hoping they are correct!
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