Tuesday, October 19, 2010

U.S. Commercial Property Prices Drop to 8-Year Low

If the Fed starts printing the way it indicates it will, this will reverse itself. But right now, things look pretty ugly. 

U.S. commercial property prices fell for a third straight month in August to the lowest level in eight years, pulled down by declining values for distressed real estate, according to Moody’s Investors Service.

The Moody’s/REAL Commercial Property Price Index fell 3.3 percent from the prior month to surpass the post-crash low in October 2009. The Index is 45 percent below its October 2007 peak and is at its lowest level since June 2002

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