Lack of demand and lack of credit will keep the U.S. commercial real estate market weak for the remainder of the year, the National Association of Realtors said Wednesday. The NAR's quarterly leading indicator for commercial real estate fell 4.8% in the first quarter compared with the fourth and is down 12.9% compared with a year ago. "It is critical for the Federal Reserve to increase liquidity by purchasing commercial mortgage-backed securities," said Lawrence Yun, chief economist for the trade group. "Because commercial real estate always lags an overall economic recovery, it will take some time for the commercial real estate market to rebound."
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