Oct
22

Falling Prices Hit Apartments Hard, Put Pressure on Borrowers

By
– National Real Estate Investor

Commercial real estate prices have taken a dive of 32.8% from a year ago, and 40% from two years ago, a new report by Moody’s/REAL Commercial Property Price Indices shows. Most surprising is the steep plunge in prices for apartments, once considered the golden sector and the property type least damaged by recession and the nation’s credit crisis.

The special report from Moody’s Investors Service issued this week shows particular weakness in the Florida apartment market and in the San Francisco office market. Declines occurred across four major property types: multifamily, industrial, office and retail. Hotels were not included.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://nreionline.com/finance/news/falling_prices_ait_apartments_1021/
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