Zero Hedge with the details:
Moody's has released its April Moody's/REAL Commercial Property Price Indices (CPPI) update and it is a doozy: -8.6%, after what many had expected was a shooting green reading of just -1.7% in March. The problem that many don't grasp, that even Moody's has finally caught on, is that once capitulation in CRE sets in, the bottom will be torn out.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfzl5v689kRvP86USmzWwh6zUk1wg5Ite7Fexm7nashPE4ywCd0klCsWwAxF0iUy93TXqqlCDbf44asCHyVaVg-aF8Yw2_GZpiNP-2oa_4Tzcp4FEbArNIclwTdtBfPoPT8ENKxbuZSqE/s400/cppi.png)
How low can we go?
Source: MIT
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