Commercial Real Estate Prices for United States (COMREPUSQ159N)
2013:Q2: 10.63900 Percent Change from Year Ago
Quarterly, Not Seasonally Adjusted, Updated: 2013-12-02 3:26 PM CST
|Source:|| International Monetary Fund
|Release:||Financial Soundness Indicators|
This series covers commercial real estate price indices. Currently, there is limited international experience in constructing representative real estate price indices as real estate markets are heterogeneous, both within and across countries, and illiquid. A rapid increase in real estate prices, followed by a sharp economic downturn, can have a detrimental effect on financial sector soundness by affecting credit quality and the value of collateral.