Are the weak U.S. jobs numbers and the debt headaches in Europe making your clients uneasy about commercial real estate performance? Don’t worry, says Lawrence Yun, chief economist for the National Association of REALTORS®. Net absorption is rising because the economy has added nearly 4 million jobs since 2009. Combine that with very limited new construction over the same period, and “even moderate demand for commercial space will help lower vacancy rates and slowly push up rents,” he says.
By: Barbara Vohryzek, National Association of Development Companies
New REALTOR BENEFITS® Partner Xceligent Changing the Game and the Playing Field for REALTORS®
Xceligent will be delivering competitive commercial real estate information services to the industry and REALTORS® are receiving preferred pricing on fully researched information as well as global marketing of listings. Turn to the Tech Savvy column in this issue to get the latest information on this exciting direction for the REALTOR Benefits® Program and REALTORS®.
Did you know that NAR offers classes on employer-assisted housing, expanding housing opportunities, and smart growth? Learn more.
Your clients share a great deal of sensitive personal information with you—it is important to your business to properly protect that data and NAR has created resources to help.
Beginning in the latter part of 2012, a number of REALTORS® across the country reported that Fannie Mae had started jeopardizing short sale transactions by requesting purchase offers at significantly higher prices than market values.