US commercial real estate purchases may slump later this year as prices rise and lenders require buyers to put more cash into deals, said Inland Real Estate Group Inc. Vice Chairman Joe Cosenza. A “double-dip” in the commercial real estate market may come as soon as September when lenders “start seeing these high prices and say, ‘Wait a minute, we just came through this,'” Cosenza said today.
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The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content
In this week’s column, HousingWire Columnist Logan Mohtashami responds to presidential candidate Mike Bloomberg’s comments on the financial crisis, providing his own view on how the market crashed and how to keep it from ever happening again.