Properties will be dumped onto the market. There will be bargains for those with cash:
About US$1.4 trillion of US commercial property loans are coming due this year and next, according to an estimate earlier this year by the Mortgage Bankers Association. Values for US offices were down 21 per cent in October from a year earlier, according to real estate analytics firm Green Street.
This will put pressure on the regional banks so look out for more bank failures