With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.

Mnuchin indicated he’s not going to pursue any actions that put taxpayers at risk or limit consumers’ access to home loans.

In the first week of December, the proportion of mortgage borrowers that sought forbearance rose to its highest level since August.

CoStar Group estimates that $126 billion in CRE assets will be sold at distressed prices through 2022.

Previously, pension funds had forecast the NCREIF All-Property Index to end 2020 in negative territory.

The additional guidance could provide more clarity on what conditions would eventually prompt the Fed to increase or decrease the pace of bond purchases.

Buyers hoping to capitalize on distress may only have a small window of time to strike as long-term prospects for troubled assets begins to brighten.