The commercial real estate market will miss the brunt of ongoing pain expected in the U.S. economy over the next few months. That was the consensus of economists speaking at the National Association of Real Estate Editors' 42nd annual real estate journalism conference in Dallas last week. James Gaines, research economist for the Real Estate Center at Texas A&M University, expects the federal government to be forced to bail out banks and other financial institutions to avoid insolvency due to involvement in commercial debt obligations, mortgage-backed securities and mortgage-backed paper.

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