The Moody’s commercial property index shows no signs of green shoots, as the index has fallen to its lowest level since August, 2002. Sequentially, prices were down 1.5% in October, and year over year they were down 36%.
The chart, courtesy of Calculated Risk, tells the story pretty clearly. The index, as noted by CR, uses the same like-for-like methodology as the Case-Shiller, hence the comparison here.
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