Estimated reading time: 0 minutes, 21 seconds

Realtors Predict Modest Drop in Commercial Real Estate Prices

The National Association of Realtors (NAR) has announced its forecasting a “slight decline in prices” next year for the commercial real estate market. So reports Dow Jones Newswires.

National Association of RealtorsNAR economist Lawrence Yun said that rising interest rates had pushed up borrowing costs and driven down property values, with offices the most “vulnerable.”

Yun said that commercial appraisal values were already starting to fall nationwide.

Read the full article from Dow Jones Newswires.

Read 620 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.