Moody’s Investor Services released a report showing that their Property Price Indices (CPPI) fell for the fourth straight month in June.The CPPI is down 3.3% from May, 9.6% below June 2007 and 1.8% below its peak in October 2007. Plus, the volume of transactions dropped significantly throughout the first half of 2008, declining more than 25% over the first half of 2007. San Diego county real estate agents
5 thoughts on “Commercial Real Estate Prices Fall 11.8% from Peak”
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Savvy investors should be watching all sections of the real estate market. There are similarities between investment, commercial and residential and it behooves the smart person to watch all of them prior to jumping back into real estate investing. There will be a right time! Be smart!! San Diego Income Property Investments
The market will make SOME headway after the election but this hole is much deeper than any one election can fill. We wont see anything even close to the vicinity of the pre-bubble years for another 2yrs, spring 2010 at the very earliest. San Diego Real Estate Information
I expect it to be challenging for the next year with a recovery starting by next summer. I’m not sure it will be a big bump but there will be more signs of life. We’ll see-the banks still need to sort out all their problems first. Take care. San Diego Implant Dentist
We’re in one of those cycles although this one seems deeper than the others I’ve experienced in the past. Sorry to say I think it’s going to be much longer than after the election, btw, I hope I’m wrong. San Francisco Legal Advice