UPDATE 1-Fed’s Rosengren: Virus likely to hit real estate, office loans
The coronavirus crisis is likely to cut
home and office building prices, may lead to a permanent shift
in the demand for office space, and could push highly indebted
households and companies toward default, Boston Federal Reserve
bank president Eric Rosengren said on Wednesday.
home and office building prices, may lead to a permanent shift
in the demand for office space, and could push highly indebted
households and companies toward default, Boston Federal Reserve
bank president Eric Rosengren said on Wednesday.
Posted by Reuters
