Most major commercial real estate sectors are improving and are easily absorbing the relatively small amount of new space that is becoming available, according to NAR’s Commercial Real Estate Outlook, a quarterly commercial real estate forecast. Read more…
job creation
Commercial Real Estate Recovering at a Slower Pace
Positive underlying fundamentals continue to support all of the major commercial real estate sectors, but a slowdown in job creation and ongoing tight loan availability has tempered growth in some areas, according to the National Association of Realtors quarterly commercial real estate forecast. Read more…
Proposed Lease Accounting Standards will be Costly
On February 16, 2012, a coalition of several leading commercial real estate organizations, including NAR, released a report that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board’s proposed lease accounting standard.
Good News in Home Sales
NAR released its pending home sales index figure last week, and for the second month in a row, the index is up. What’s more, the index has broken 100. That’s significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available. “It is the natural, organic power of great affordability conditions and job creation that is bringing the index level up,” says NAR Chief Economist Lawrence Yun. “This is a very encouraging sign.”
Hear more from Lawrence Yun on trends in housing data and sales >
