In a recent interview with CoStar News, John B. Levy & Company president John B. Levy discussed results of the Giliberto-Levy Commercial Mortgage Performance Index (G-L Index) for the first quarter of 2017. Levy spoke with reporter Randyl Drummer for the story.
"What we're seeing in rates is a measure of the confidence factor in the economy," John B. Levy, president of Levy & Co. and co-creator of the G-L Index, told CoStar. "The declining yield says investors expect the economy to do ok. It's not doing badly by any means, but the chance of having 4% GDP growth is sheer fantasy."
Click here to read the entire story at CoStar News.