Year-End Scramble To Close Deals Takes On Added Urgency

December 19, 2012

fiscal cliff man

Buyers/Sellers Rush To Close Deals Ahead of Expected Return to Higher Tax Rates

December typically sees a rush among investors to close property sales transactions by year-end. But this year, the wave of property sales has been much larger than usual, with an inordinately high number of deals closing since the national elections in early November.

CoStar Group has processed 2,040 more property sale transactions in the five weeks since the election than in the same period last year – 8,365 vs. 6,325 — with half of that… Read more…

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