I'm not going to just copy and paste his entire post here, but this image kind of sums of the results very succinctly:
Turns out CRE has improved far greater than we thought... or is it just a really suspicious outcome?
Wednesday, May 30, 2012
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Being a part of the market for the last 36 months, the market does feel like it is up from 2009, which the new index shows, verses the prior one. Being on the conference call and hearing what changes were made, and why they were made, I think we'll find this new index is a more accurate depiction of commercial property prices.
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