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What are the specific factors that shape this buyer's market? Number one was supply/demand fundamentals (35%), followed by the difference between bid/ask prices and the availability of investment choices (both garnering 15% of the vote). Lower interest rates got 14% of the participants' nod while the relatively vague "recessionary trends" was cited by 13% of respondents.
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And then there was the dire prediction of yet one more respondent: "Sellers are all in denial. Sale prices will be lower two years from now than they are now."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
