News
Boston: Don’t Worry Too Much
September 9, 2010
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| Trepp?s recent numbers on loans going to special servicers don't reflect well on the Boston market. Nationally in July, the loan count eased somewhat and the value increased slightly. But here, both factors popped up a bit more compared to June. Don't despair though, says Josh Gelormini, Jones Lang LaSalle's VP of Research for the Americas. Drilling down into a local market is likely to show more volatile results. But, he says, since Oct. '09 the trend among Boston loans ?mirrors what's going on nationally.? Furthermore, over the long run Boston has an advantage: it hasn?t lost as many jobs as others during the recession. |
