Commercial Market Boom & Bust – This graph tells it all
Can you say “BUBBLE”?
Here is a bar graph of US Commercial Property Sales closed from January 2000 to June of 2009. It so clearly tells a tale of Boom and Bust. A picture is so worth 1000 words.
Interestingly the peak is earlier than you might think. It is centered around April of 2005 – April of 2006.
This graph is taken from the just released First American CoreLogic “Commercial Market Monitor” August 2009. Get your copy here.
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