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Upcoming
Events
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WEDNESDAY - 11/13
RAL November Membership Luncheon
11:30 AM-1:00 PM
Hillcrest Country Club
FRIDAY - 11/15
Governmental Affairs
9:00 AM
RAL Office
FRIDAY - 11/22
Property Management
9:00 AM
RAL Office
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Commercial Trends
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Uneven Recovery Causes Commercial Frustrations
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Commercial practitioners are right to be frustrated, NAR Chief Economist Lawrence Yun said at the REALTORS® Conference & Expo on Thursday afternoon.
"Commercial real estate was not the cause of the downturn," Yun told attendees of the Commercial Economic Issues and Real Estate Trends Forum. "But it is commercial real estate that is suffering the collateral damage."
Yun said most commercial sectors are recovering sluggishly, along with the overall economy.
"The pace of expansion has been extremely frustrating," he said. "We've created 7 million jobs in the past four years, but this is in the aftermath of 8 million job losses, so we are still in a hole."
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