Moody’s: CRE prices increase 1% in January 2010

The Moody’s/REAL Commercial Property Price Index climbed 1 percent from December, Moody’s said today in a report. Values are 40% lower than the peak in October 2007. The index fell 24% from a year earlier. … The number of transactions fell 8% to 376 in January from a year earlier and was lower than December, when buyers and sellers tried to complete deals before the year’s end, according to the report. “A few months of price gains does not necessarily indicate a sustainable trend, particularly in these difficult times,” Moody’s said.