Investment-Grade Properties See Largest Year-Over-Year Gain Since 2006
January CoStar Commercial Repeat Sales Index Illustrates How Rapidly Prices were Falling a
Year Ago - And How Much They've Improved
CoStar's index tracking repeat sales of investment-grade commercial properties jumped 10.6% in January over the same period last year, the largest year-over-year gain since the height of the real estate boom in 2006.
The increase in the index for higher-quality properties hit a five-year high for January despite dipping slightly from December, a reflection of how hard the index fell a year ago and how strongly it has recovered within 12 months.
Read the entire story from CoStar.com.
Posted on Thu, March 10, 2011