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November 16, 2007

Register for Commercial Source Online Conference

CommercialSource, NAR's FREE online convention for commercial agents will be held Dec. 4-6. Speakers, including Sam Zell, Steven Good, and John Salustri, will present on commercial market trends, economic indicators and ways to improve your business. Vendors will also be available at an online business expo. Never participated in an online convention? Want to find out what will happen? Watch the demo tour. Be sure to visit CommercialSource.com for registration and more information.

November 15, 2007

Commercial takes a breather

Speaking at the convention in Vegas, NAR chief economist Lawrence Yun said yesterday that he sees a slowdown in commercial purchases, partly as a result of the residential credit crunch. While overseas investors continue to buy, taking advantage of the weakness of the dollar, domestic purchasers are taking a second look before they buy. Low cap rates - averaging around 6.5% for most markets - also are deterring investors. While some say it's merely a flight to quality, an article in Crain's Chicago Business shows that even quality properties are failing to meet pricing expectations.

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Power Tools for Commercial-Investment Practitioners, from NAR's Information Central, provides information on research studies, websites, books, news, tips, and other resources for real estate professionals specializing in commercial and investment properties.
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