This is a great visualization from calculatedrisk blog. The commercial real estate market is tracking about 18 months behind residential. Commercial Property Price Index vs. Case Shiller. So what my question is: In order for the Residential Market to recover, we need jobs. The primary purpose of Commercial property is commerce aka Jobs. So which market will recover first? Residential or Commercial?? Thoughts?
Also another question comes to mind – had we not interfered with the residential market (government intervention) would the Case Shiller index bottomed out like the CPPI? Was it really worth it?
- The Looming Crisis in Commercial Real Estate (time.com)
- Case Shiller Index: Twin Cities map comparison to the nation. (craigkamman.wordpress.com)
- Case Shiller Home Value Index MN vs. MN Property Tax revenue (craigkamman.wordpress.com)
- 2011 Seen as Historic Turning Point for Housing – Robert Shiller (johnmurphyreports.com)