Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It appears that happy days are waning, as the debt and equity markets continue to be battered by growing fears associated with the subprime loan debacle and the domino effect it is having more broadly on the market. The pain this is causing for hedge funds and banks is significant, and it is now spreading beyond the mortgage market into wider credit markets as well as the stock market, as evidenced by the freefall of most markets on Friday. This recent event suggests that the bull real estate market that we have enjoyed for years now has a rough road ahead. We have not seen a significant slowdown in hiring this summer, except on the residential and mortgage side of the business, which will surely remain anemic. However, it’s predictable that hiring managers and candidates will begin to move more cautiously until the direction of the market becomes clearer. This may be the long-awaited adjustment, but, if we are lucky, it’ll be a mild one that will clear the way for continued, albeit less frenetic, growth.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
SELECTLEADERS VP-Sales & Marketing(STAMFORD, CT) The company seeks a VP of sales and marketing for a ground-up development of a Robert A.M. Stern-designed condominium project located in Stamford, CT.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.