Submitted by Ronald Tennant with Metrocities Mortgage:
Investor's Business Daily (05/22/08) P. A2
The National Association of Realtors (NAR) reports that U.S. commercial real estate activity declined 0.7 percent in the first quarter, marking the third consecutive three-month decline. Cooling is now expected to continue for the remainder of 2008. The NAR index is a gauge of future commercial real estate activity that is compiled from 13 variables. Among them are: REIT prices and returns, industrial output and employment gains.
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