Morning Minute: Commercial real estate market continues to rebound

U.S. commercial real estate continues to improve with steady gains in prices and transaction activity so far in 2014, according to an analysis from CoStar Commercial Repeat Sale Indices. Sales volume rose 33 percent annually in the first quarter of 2014 and vacancies are on the decline. Read more from NAR’s Daily Real Estate News.

The National Association of REALTORS® (NAR) reports that commercial REALTORS® are increasingly confident and optimistic about the future of the commercial market. In a recent news release, NAR Chief Economist Lawrence Yun said:

“Commercial real estate closely follows the economy, usually with an 18 to 24 month lag time. Realtors® from across the country are reporting increases in sales transaction volumes and income, which tells us that things are turning around. We have not reached pre-recession levels, but the recovery is happening; we are almost getting back to normal.”

In other headlines:

How Chicago Invented the Suburbs – Chicago Magazine

Home sales up again in April – News-Gazette

Student Loans Causing Housing Shift, CFPB Says – Daily Real Estate News

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.