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Loan Modification

: Mortgage Lender Implode-o-Meter

U.S. Commercial Property Falls to Lowest in 7 Years

By Implode-Explode Heavy Industries

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``Commercial property values in the U.S. declined in October to the lowest level in more than seven years as unemployment reduced demand for apartments, offices and retail space. The Moody?s/REAL Commercial Property Price Indices fell 1.5 percent in October from September to the lowest since August 2002. Prices were down 36 percent from a year earlier and are 44 percent below the peak in October 2007, Moody?s Investors Service Inc. said in a statement. ''

Full post as published by Mortgage Lender Implode-o-Meter on December 21, 2009 (boomark / email).

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