Repercussions of Real Estate Downturn Will Linger for Years

The repercussions of the biggest economic downturn since the Great Depression continue to ripple through multifamily and commercial property markets, and real estate agents and brokers helping their clients manage their investments need to stay on top of economic, regulatory, and legislative issues affecting lending, tax policy, health care and energy.

Charles Achilles, chief legislative and research officer for the Institute of Real Estate Management, summarized a dizzying array of issues facing commercial property investors, many of which will also have an impact on residential housing markets.

For multifamily and commercial property owners, loans remain hard to come by, Achilles said Friday, speaking at the National Association of Realtors’ midyear conference.

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