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NAR Chief Economist Says Commercial Investors May Be On Sidelines

The new chief economist of the National Association of Realtors says that low cap rates are making investment in commercial real estate a riskier proposition today and suggests the spillover of the housing credit crunch to commercial lending will leave many investors on the sidelines in the coming months. Lawrence Yun, speaking to commercial brokers at NAR’s annual convention Tuesday in Las Vegas, says foreign investors are buying more commercial real estate than they did in 2006 because the weak dollar has made those investments attractive. But Yun says many nationally based investors may put off acquisitions in ...

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