Consumer confidence impacts the residential real estate market more significantly than government tax credits. Watch the residential real estate recovery carefully as commercial real estate tends to lag about 12-18 months behind. Increases in consumer confidence means more spending, hiring, and eventually office occupancy.
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A common theme in much of the data is that the credit squeeze continues to stifle the commercial real estate market.
More interestingly, 88 percent of respondents in this survey indicate that the federal government needs to address lenders ability to write off problem loans.
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