August 18, 2009

Advancing Towards the Bottom?

According to a recent report by Swiss-based Partners Group, the U.S. real estate market is in an "Advanced Downturn" state.

"Advanced Downturn" is described as a period when market participants “broadly acknowledge” that a correction is underway. However, the extent of the re-pricing is still unclear because the transactions market has not yet recovered.

Based on my experience here in Nashville, I would have to completely agree with the description above.

According to Partners Group, the U.K. real estate market is the closest to reaching a bottom followed by the U.S. and France.

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