“Americans’ mobility will be reduced because of difficulty in selling homes that, in many cases, aren’t worth what the owners owe on them. By the end of this year, 40 percent of homes are expected to be “underwater,” with mortgage balances higher than what the homes are worth…”

Real Estate Notebook: Long-term changes from housing bust | recordonline.com.

“The volume of commercial real estate transactions is anemic,” Deboer noted. “Transaction volume is down more than 90 percent compared with 2007…”

Commercial Real Estate Woes Continue.