Moody's: Commercial Real Prices fall to 2002 Levels

[mEDITate-OR:
not add "quality" to location, location...
Like most foreclosure statistics, there are very large differences between the sand states and the rest of U.S.
Now, we see that there is a vertical separation between the quality of commercial RE properties. The very good, are now worth a lot more. The middle class is getting squeezed, and the lower classes are being driven from the market, and into BKs & foreclosure.
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"The commercial real estate market in the U.S. has become trifurcated with prices rising for performing trophy assets located in major markets, falling sharply for distressed assets, and remaining essentially flat for smaller healthy properties," - Housing Wire.

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Moody's: Commercial Real Prices fall to 2002 Levels
http://www.calculatedriskblog.com/2010/10/moodys-commercial-real-prices-fall-to.html
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