23.06.2009 - US commercial property index in record drop-Moody's

From Reuters: U.S. commercial property prices plummeted 8.6 percent in April, a sign sellers are beginning to capitulate to a market deteriorating on lack of credit and the effects of recession, according to Moody's Investors Service. It was a record drop for Moody's REAL Commercial Property Indices, which show prices are now 29.5 percent below the peak of October 2007, said Connie Petruzziello, an analyst at Moody's. The index history extends back to December 2000.........Full Article: Source

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