August 18, 2008
...When Richard Green, Ph. D, professor and chair, University of Southern California Lusk Center for Real Estate, began his presentation this morning he confessed, "I find it hard to be optimistic at this time."
He painted a picture of the state of the economy and the way it relates to the multifamily sector. And though most of it was grim; spreads rising and investor confidence becoming a real problem, he pointed to the silver lining on the horizon. "The good news is that treasury rates are falling," said Green...