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| Commercial Real Estate Sector on Solid Footing |
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Commercial real estate is on solid footing, with the National Association of REALTORS®' (NAR) quarterly commercial forecast projecting continued stability in 2017. National vacancy rates in the office sector are set to decrease to 12.1 percent, while those in the industrial space and retail sectors are set to decrease to 7.1 percent and 11.2 percent, in order. The national vacancy rate in the multifamily sector is set to stand at 6.5 percent. "Last year was the 11th year in a row of subpar GDP growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent," says Lawrence Yun, NAR chief economist. ...
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(TNS)—If you're like many borrowers who have less than 20 percent of a home's value in equity or saved for a down payment, you need to know how mortgage insurance affects the cost of buying a home. What Is Mortgage Insurance? Mortgage insurance—also known as private mortgage
