Matt Blackman

Housing Market Tracker - Commercial Real Estate Outlook

Re: "Commercial practitioners can anticipate a weaker, though positive, net absorption in the office and industrial sectors later in the year with fewer new commercial buildings reaching the market," – Lawrence Yun, chief economist, National Association of Realtors. (National Association of Realtors, Feb. 20th)

Has anyone ever heard Lawrence Yun make a negative comment about any aspect of the real estate market since he replaced David Lereah as chief economist and cheerleader of the NAR? I haven't. But he has repeatedly been calling a bottom to this market since it began to decline more than a year ago.