From National Real Estate Investor.

The Commercial Leading Indicator for Brokerage Activity declined 1.3% to a reading of 101.5 in the second quarter from a downwardly revised reading of 102.8 in the first quarter. It is 13.7% below the 117.6 recorded in the second quarter of 2008. The index is at the lowest level since the first quarter of 1994; NAR’s track of the commercial leading indicator dates back to 1990.

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