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May 18, 2009

REal Talk with Adam Perrotta - Monday

As the stock market has sprung back to life as of late--a trend industry observers are hoping will continue--commercial real estate firms have seen their shares among the highest gainers, rallying an average of 20 percent in April, according to a report by ING Clarion Real Estate Securities. However, considering the moribund states that those stocks were in before the rally, even that sizable gain is leaving prices well below the levels of just a few years ago. 

Where things go from here is--like many things in what is starting to seem like some sort of economic tipping point--is anybody's guess. Will real estate stock prices continue their upward march? Or were April's gains a mere "sucker's rally," as some are terming the general stock market uptick of late? And what factors will determine how real estate stocks do? Will it depend mostly on the general market's direction? Or will RE stocks prove to be more autonomous?

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