After hitting a new low in April for the index (which dates back to December 2000), the CPPI popped back into positive territory for the month of May, 2011. All Property Type Aggregate Index recorded its first increase in six months and its largest one month jump since its inception. ... More
Archive for the ‘Research Reports’ Category
Moody’s/REAL CPPI jumps 6.3% in May
Monday, July 25th, 2011Moody’s/REAL CPPI in Google Charts
Friday, June 17th, 2011Recently, I've been toying around with Google Charts.... and finally getting the hang of it! Below is a chart of Moody's/REAL CPPI by asset class. I've demo'd other charting utilities, such as Blytic and Tableau Public, with limited success. I knew that Google had charting abilities in their Google Docs service, ... More
S&P Case Shiller hits lowest level since 2002
Wednesday, June 1st, 2011Yesterday, we posted on Moody's/REAL CPPI reaching lows not seen since the early 2000s. The same can be said about The S&P/Case-Shiller Home Price Index. From the S&P Press Release: Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. ... More
Moody’s CPPI drops 4.2 percent in March
Tuesday, May 31st, 2011Moody's Commercial Property Price Index (CPPI) fell 4.2 percent in March. This drop makes for 4 months of consecutive declines for the index and marks a new post bubble low, resting at 101.17. Find the full report on RealIndices.com or RCAnalytics.com. The reason for this decline? Moody's: Nearly one third of ... More
Moody’s CPPI drops 3.3 percent in February
Thursday, April 21st, 2011The Moody's/REAL Commercial Property Price Index (CPPI) saw its largest one-month drop since August 2010, declining 3.3 percent. The index is down 44.6 percent from its October 2007 peak. This drop is the index's largest in 5 months and is mostly a product of distressed trades making up 29 percent of ... More
Commercial real estate and inflation
Friday, April 15th, 2011Recently, National Real Estate Investor published an article asking, "Will Commercial Real Estate Provide a Good Hedge Against Inflation?" In the 1980s, a slew of papers examined the rate of return on various property types and concluded that commercial real estate investors were in fact compensated for inflation risk. However, with many ... More
REITs vs. CMBS Property Sales
Thursday, April 7th, 2011In Dr. Geltner's March issue of his Professor's Corner newsletter, he broke out repeat sales of properties sold by REITs and those previously acquired using CMBS loans. His findings? REIT properties tended to exhibit less of a price bubble during the boom period, but then they did not fall nearly ... More
CBRE Cap Rate Survey – Year End 2010
Wednesday, April 6th, 2011As we've referenced before, CBRE's Capital Markets Group conducts one of the more useful cap rate surveys available. Courtesy of Scott Pollock & Steve Latkovic over at The Commercial Insider, you may view the full report on Scribd. An excerpt of CBRE's commentary from this report: Total U.S. investment transaction volume is ... More
Moody’s/REAL CPPI declines 1.2 percent
Monday, March 28th, 2011Moody's/REAL CPPI continued its decline, dropping by 1.22 percent in the first month of 2011. While the index's volatility has subsided, the divergence between trophy and distressed assets continues. A nice addition to the Moody's newsletter is the new "From the Lab" section, which included continued coverage of the CPPI's ... More
Moody’s/REAL CPPI vs. S&P Case Shiller
Monday, June 20th, 2011Calculated Risk is known for its informative graphics. One of our favorites is the comparison between S&P's Case-Shiller Housing Price Index and Moody's/REAL Commercial Property Price Index. But, the last one we were able to find was about 12 months old. An updated one in Google Charts is below. What is ... More
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