June 19, 2021
Real Estate

Economic experts predict bright path for commercial real estate | News

WASHINGTON – The U.S. economy experienced one of the swiftest declines in history last year, followed by a quick and relatively significant recovery in the second quarter of 2020. Speakers at a recent Commercial Economic Issues and Trends Forum, held as part of the 2021 REALTORS Legislative Meetings & Trade Expo, discussed these historic shifts in the nation’s economy over the past 12 months while projecting a favorable outlook for the commercial real estate market in the coming year.

Lawrence Yun, chief economist at the National Association of Realtors, predicted today that considerable capital will be pumped into the economy in 2021’s second quarter, with consumers eager to tap into a year’s worth of savings and unspent stimulus funds.

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