Tuesday, August 25, 2009

Mild" decline shows up in Moody's commercial property index

"Mild" decline shows up in Moody's commercial property index

After two consecutive months of 7% drops in commercial real estate values, June experienced a "mild" 1% decline, Real Estate Analytics said. "This month is not unexpectedly bad news like the two previous months," said Neal Elkin, the firm's president. Still, the Moody's/REAL National All Property Type Aggregate Index for June marked a 35.5% plunge in prices during the past two years...article

Source: GlobeSt written by Paul Bubny

Friday, August 21, 2009

No meaningful CRE recovery until 2010?

The National Association of Realtors said the commercial real estate market slowed to its lowest level in 15 years during the second quarter. "The reduction in commercial real estate activity is expected to last at least through the first quarter of 2010. Any meaningful recovery is not likely to occur before the second half of next year," NAR chief economist Lawrence Yun said. Reuters (8/19) Full article