Commercial real-estate prices could tumble 10% from their peak and defaults are sure to increase, Moody’s chief economist says
Mark Zandi, chief economist of Moody’s Analytics, speaks at the Reuters Real Estate and Infrastructure Summit in New York June 20, 2011. Zandi says the United States is “nowhere near” a housing market recovery, but he can still see a light at the end of the tunnel. REUTERS/Brendan McDermid Expect commercial real-estate prices to plunge …