When the foreclosure crisis first hit the U.S., many individuals and families living in rental housing were evicted without notice after the property they called home entered foreclosure. Often those tenants, who had been paying their rent on time, had no idea the property was in delinquency or facing foreclosure until they received notice to evict.
The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the National Association of Realtors®.
We are ever so close to reaching that self-propelling housing market recovery.
David M. Peretti, a Realtor® from Winchester, Mass., has received the National Association of Realtors® 2009 Distinguished Service Award. Out of 1.2 million Realtors®, no more than two are recognized with this award each year, which is announced during NAR’s annual REALTORS® Conference & Expo.
Did you know that land sales were identified by 16 percent of commercial members as their primary business specialty?
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