6 Signs of a Market Rebound

No one can predict exactly when the commercial market will take a turn for the better, but we asked NAR's Chief Economist Lawrence Yun to tell us what ecomonic signs provide clues of a rebound.

April 1, 2009

When you see several of these signs, you can feel confident better times are on the way.

  1. The number of people filing for unemployment falls, and office net absorption begins to turn positive.
  2. Bank balance sheets stop showing nothing but losses, and interest rates on commercial mortgages and construction loans decline.
  3. Home prices stabilize. Housing’s recovery is critical to a sustained economic recovery.
  4. Consumer confidence rebounds. This is a key indicator for retailers.
  5. Companies begin hiring temporary workers. Temps are often the first step companies take when orders increase.
  6. REIT share prices rise. These stocks often lead a real property recovery.
Lawrence Yun
Chief Economist and Senior Vice President of Research at the National Association of REALTORS®

Lawrence Yun is chief economist and senior vice president of Research at the  National Association of REALTORS®. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1.1 million REALTOR® members. Dr. Yun creates NAR's forecasts and participates in many economic forecasting panels, including Blue Chip and the Harvard University Industrial Economist Council. He appears regularly on financial news outlets and is a frequent speaker at real estate conferences throughout the United States. USA Today recently listed him among the top 10 economic forecasters in the country.