With more job losses and worries over the economy, the National Association of Realtors is reporting that investment activity in commercial real estate is at a standstill.
Lawrence Yun, NAR chief economist, noted, "Although access to residential mortgages has improved, the opposite is true for commercial loans. We need liquidity for commercial mortgage-backed securities not only to free the market, but also to rollover existing debt. At the same time, the loss of jobs has had a significant impact on the demand for commercial space."
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