Future of real estate

According to CB Richard Ellis Econometric Advisors, the amount of retail real estate available in the United States is expected to drop to 12.7 percent.  Furthermore, CBRE-EA predict that the demand for retail real estate will be positive for the first time since the burst of the housing bubble in 2007, but the increase is said to be modest. 

This information combined with the increase in mortgage applications are strong signs that the economy is starting to recover.  However, because the unemployment rate is still quite high, it is quite clear that the economic recovery is going to be slow and that it will take some time to restore all of the consumer confidence lost due to the recession.