No meaningful CRE recovery until 2010?

The National Association of Realtors said the commercial real estate market slowed to its lowest level in 15 years during the second quarter. "The reduction in commercial real estate activity is expected to last at least through the first quarter of 2010. Any meaningful recovery is not likely to occur before the second half of next year," NAR chief economist Lawrence Yun said. Reuters (8/19) Full article