Since the beginning of the year, various players in CRE have been predicting the approach of a market bottom to the fall that began in 2022. MSCI's Capital Trends report for the second quarter of 2024 adds another voice with a more definitive tone.
The firm said that the slide in deal volume and pricing "came to an end in the second quarter." Using data from the RCA CPPI National All-Property Index, they showed that year-over-year changes in dollar volume and pricing seem to have turned a corner, or, more specifically, two graphs.
Each showed a rapid ascension from the pandemic's beginning into and through 2021. Between the last quarter of 2021 and the first of 2022, a similar downward plunge started, with volume falling to 50% drops and pricing to -10% price growth.
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