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Realtors Predict Modest Drop in Commercial Real Estate Prices

The National Association of Realtors (NAR) has announced its forecasting a “slight decline in prices” next year for the commercial real estate market. So reports Dow Jones Newswires.

National Association of RealtorsNAR economist Lawrence Yun said that rising interest rates had pushed up borrowing costs and driven down property values, with offices the most “vulnerable.”

Yun said that commercial appraisal values were already starting to fall nationwide.

Read the full article from Dow Jones Newswires.

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