The key effects of a residential slow down outlined in an article by P. Chapman in the NREI Newsline this week are these: If the residential boom is ending (in some ares of US) the most affected segments of commercial markets will be these... RETAIL Industry may experience slower growth; REIT's with large Retail Center Holdings may lose some value; MULTIFAMILY could grow faster, especially rent and occupancies; OFFICE may have negative ripple down effect; INDUSTRIAL may have negative ripple down effect; The good news is that there are many areas of US that most likely will NOT experience negative effects of a housing slowdown. This primarily because those areas (south, midwest, etc) have not over built residential and have not experienced the high run up in home prices in last two years. Identify commercial real estate investments in these areas.