Thomas FlexnerQE3, the Fed's third round of quantitative easing, won't do much to lift the real estate market, according to Thomas Flexner, the global head of real estate at Citigroup, who appeared today on CNBC (see video after the jump). Though he believes that the market has hit bottom, the sole benefit of that bottoming out, he said, is that interest rates are to remain at record lows. [more]