Pieces are in place for housing to continue on its road to recovery but there remain plenty of uncertainties that can derail the market, NAR Chief Economist Lawrence Yun said at a conference earlier this week. Read more…
real estate market
Commercial: Strengthening Fundamentals
Multifamily housing is becoming a landlord’s market, commanding bigger rent increases, NAR’s quarterly Commercial Real Estate Market Survey shows. More broadly, all of the major commercial sectors are seeing improvement in fundamentals. NAR forecasts commercial vacancy rates over the next year to decline 0.4 percentage points in the office sector, 0.8 points in industrial real estate, 0.9 points in the retail sector, and 0.2 percentage points in the multifamily rental market.
Chipping Away At Vacancies
The Albuquerque metro commercial real estate market showed some signs of life in the second quarter as small businesses chipped away at the nearly 2.5 million square feet of empty office space recorded early in the year. Read more >>
U.S. Ranks No. 1 In Commercial Real Estate
Foreign investors ranked the U.S. commercial real estate market as their No. 1 choice for investment this year and viewed it as the best opportunity for price appreciation. Investors named New York and Washington D.C. as the top two cities in the world for their real estate dollars.
