‘Foong on Finance’ with Keat Foong: Economic Recovery Reversing Itself?
- Jul 30, 2010
The commercial real estate sectors are showing greater optimism, and investment activity is starting to come to life again.
The latest National Multi Housing Council (NMHC) Quarterly Survey of Market Conditions released in May showed “widespread improvement” in the apartment sector. The apartment sales volume index even increased to a record, of 72 from 56.
In the midst of the newfound optimism, we have news this week that the national economic recovery is slowing. Some experts even say the consumer spending slowdown will last through 2011.
Will this economic reversal continue into future months, and take a bite out of recent improvements in commercial real estate industry conditions, or at least, sentiments?