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Real Estate Impact of Terrorist Attacks to be Short-Lived

PALO ALTO, CA-Though the Sept. 11 tragedy will worsen current downturn, Marcus & Millichap says it won't undermine long-term attractiveness of real estate investments. Fed's rate cuts, other factors will lead to robust rebound in 2002.

By David W. Myers | Updated on October 05, 2001

PALO ALTO, CA-Last month’s terrorist attacks will not have a long-term impact on the attractiveness of real estate investments even though it will worsen the economic downturn over the next several months, a special report by one of the nation’s leading investment brokerage firms says.

Though the US will go through a mild recession, the Federal Reserve Board’s long string of interest-rate cuts–including the half-point reduction announced earlier this week–will combine with other factors to trigger a robust rebound in 2002, according to the report by Marcus & Millichap Real Estate Investment Brokerage Co. The Palo Alto, CA-based firm provided an exclusive copy of the report to GlobeSt.com before releasing it to the rest of the media.

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