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 | The recent deep economic downturn has had a pronounced impact on commercial real estate sectors,but credit availability is the big unknown that will determine how soon commercial markets recover,according to the National Association of Realtors®. Lawrence Yun,NAR chief economist,said some initial movements earlier this week in commercial mortgage-backed securities are encouraging. [...] A severe ongoing credit crunch in commercial real estate lending is hampering recovery,according to a commercial market update at the 2009 REALTORS® Conference &Expo. NAR Chief Economist Lawrence Yun shared insights into the commercial markets and the current lending environment during the “Economic Issues and Commercial Real Estate Business Trends Forum”here today. [...] Dennis Norman By:Dennis Norman Today the National Association of REALTORS(R) published their Commercial Leading Indicator for Brokerage Activity for the second quarter of 2009 showing a decline of 1.3 percent to an index of 101.5,down from an index of 102.8 in the first quarter. At 101.5 the index for the second quarter [...] | ||||
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