Real estate transaction volume falls 83 percent

Global real estate transaction volume has slowed significantly, dropping 67 percent year-over-year in the second quarter of this year, according to the June 2009 report on global capital trends from Real Capital Analytics. But the drop between the first and second quarters was only five percent, suggesting that the decline may have hit a plateau. For the Americas, the projected quarterly sales volume is $8 billion, an 83 percent decline year-over-year and a 6 percent drop from the first quarter. Within the U.S., distressed building sales were most common in Florida, California and Texas. TRD