Per the WSJ, January announced deals are off 37% from the prior January , 50% from December and the lowest level since October, 2004. Further, if January’s numbers are annualized, we are off nearly 60% versus 2007, a major correction, not a speed bump. International buyers have pulled way back and off their highs, and private equity buyers are off to their slowest start in five years. There is good news, however, in the January numbers....it’s February. More to come.
marty