ULI Real Estate Business Barometer -- February 2013
February 4, 2013
Buyer appetite for commercial property softened a bit, with prices just off their nearly four-year high. Capitalization rates fluctuated above recent lows and transaction volumes were down, although they remain above their long-term monthly average. The upward trajectory of permits and starts of all types of housing continues unabated, and prices for new single-family homes have returned to their peak. Economic indicators continue to reflect sustained moderate growth.