Nothing to see here - CPPI up 4.1%

December 2009 commercial property prices shot up 4.1% according to Moody's CPPI index, providing journalists and analysts the world over an opportunity to call an early bottom... (No link, on BBG)

The Moody’s/REAL Commercial Property Price Index climbed 4.1 percent from November, the second straight monthly increase, Moody’s said today in a report. Transaction volume rose more than 75 percent. Values are down 29 percent from a year earlier and 41 percent lower than the peak in October 2007.
“Two months of positive returns and one month of higher transaction volume does not allow us to discern a trend just yet, particularly in light of the fact that year-end commercial real estate activity can distort the true condition of the markets,” the report said.