Our Financial Advisory Services group says the number of transactions so far in 2010 have been well below the norm. We run a list of recent transactions every month in AEC Finance News and have certainly noticed those lists are shorter than they've been before. There are a variety of theories about why that could be, ranging from the credit crunch to the idea that sellers are holding out for pre-recession prices on their post-recession firms.
What do you think? What have you seen in your buying and selling work? How has the market changed? Do you expect the pace to pick up again later in 2010? In 2011? 2012? Beyond?