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NAR: The real estate market has hit bottom

Posted on 01 December 2010

From Globest.com: At long last, it is here: the bottom of what has been the worst real estate and capital market cycle in anyone’s recent memory. So says National Association of Realtors’ commercial economist George Rheiu. “There are multiple indicators suggesting that, on the commercial real estate side at least, we have hit bottom,” he tells GlobeSt.com. The most recent indicator was the upwardly revised GDP figures, now at 2.5%.
Granted, this is not a growth rate “to write home about” Rheiu says, but it adds to the growing pile of evidence that a recovery is underway. When the GDP figures were released, NAR bumped up its own projections for the industry, he says……………………………………….Full Article: Source


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