Moody’s/REAL CPPI Index Down .5% in March
May 19, 2010
The Moody’s/REAL Commercial Property Price Index dropped .5% in March. This marks the second month in a row that prices have dropped after a few months of increases. The index is now 42.1% off the peak. Despite the overall decline in the index, some positives were Apartments and Industrial in the top-10 MSAs. In the [...]
Read More >>Moody’s CPPI Index Down 2.6%
April 20, 2010
In our previous post we indicated that risk was back, alluding to our belief that many investors are likely getting ahead of themselves in believing that we’ve seen the worst of it. In a market where the government is willing to artificially provide support to markets at nearly any cost (debt), it ultimately leads to [...]
Read More >>Moodys’ Commercial Property Price Index Increases 4.1% In December
February 22, 2010
Moody’s CPPI registered another gain for December. The index rose by 4.1% in December, following a 1% increase in November, marking the second consecutive month of increases. Despite transaction volumes up dramatically over previous lows, and prices beginning to rise, Moody’s remains cautious on the future, citing in its report that “it would be naïve [...]
Read More >>Green Street Advisors: CRE Prices Up 10%
February 8, 2010
According to the Green Street Advisors Commercial Property Price Index (original name), prices are up 1% in January, and now up 10% off the bottom reached in May of 2009. The GSA’s index is based on prices for transactions which have not yet closed yet, as opposed to Moody’s which reflects closed transactions. This is [...]
Read More >>Moody’s Commercial Property Price Index Falls Again
December 21, 2009
Moody’s/REAL CPPI is down again. For the month of October, the index dropped another 1.5% from the previous month’s levels. Prices are now the lowest they’ve been since August 2002 according to the index. Prices are down 36% year-over-year, and 44% off the peak reached in late 2007. The numbers are gloomy, but there is [...]
Read More >>MIT TBI Shows 4.4% Quarterly Jump
November 3, 2009
The MIT Center for Real Estate Transaction-Based Index (TBI) numbers released for the third quarter has reversed course and shown a 4.4% jump from the previous quarter. The 4.4 percent increase in the transactions-based index (TBI) for the third quarter is the first positive price change in the index in over a year, and the [...]
Read More >>Moody’s Commercial Property Price Index Continues Fall – Down 40% From Peak
October 19, 2009
The August numbers for Moody’s CPPI are out, and they are still deteriorating. The latest numbers indicate a further 3% drop in August marking a 41% drop from the peak. Commercial real estate prices are forecast to fall additional 17 percent through the fourth quarter of next year, Goldman Sachs Group Inc. said in a [...]
Read More >>Goldman Revises CRE Loss Estimates
September 30, 2009
Goldman Sachs has revised its expectations for CRE losses, and is concerned about exposure of banks and insurers with lots of CRE assets on their books. The Bank of Americas, Wells Fargos, and JP Morgans of the world are generally considered to be “too big to fail”, but community and regional banks holding a large [...]
Read More >>Moody’s Commercial Property Price Index August Update
August 19, 2009
Moody’s/REAL has issued its August update of the Commercial Property Price Index (CPPI). Not surprisingly, the decline continues. A drop of 1% was recorded month-over-month, 26.9% year-over-year, and 33.9% below that of two years ago. The Index peaked in October of 2007, and since then we are off 35.5%. In the West, the largest quarterly [...]
Read More >>$2.2T of US CRE At Risk of Default
July 29, 2009
About $2.2 trillion of U.S. commercial properties bought or refinanced since 2004 are now worth less than the original price, raising the threat of more foreclosures, Real Capital Analytics said. Prices have fallen so far that about $1.3 trillion of properties have either lost their owners’ down payment or are close to it, Robert White, president [...]
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