NAR's predictions for future transaction volume and vacancy rates in the commercial RE markets show slowing, but overall the market still shows strong. Read below...
The U.S. economy will likely avoid a recession and pick up in the second half of this year, according to the National Association of Realtors, which expects the commercial property market to turn in a mixed performance.
“Commercial fundamentals are good, but investment has been hurt by the credit crunch. Investment in the commercial sectors decelerated in the first quarter after setting a record in 2007,” says Lawrence Yun, chief economist at NAR. [...more...]
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