RCA Insights

Macroeconomic Concerns Continue to Hold Back Volume

Jim Costello / June 15th, 2016

Transaction volume fell in May with preliminary figures suggesting a 38% YOY decline in sales. There will be revisions to this data by next week, but likely only on the order of 2% to 3%...

Turning Point in US Deal Volume on the Horizon?

Jim Costello / May 13th, 2016

U.S. deal volume fell again in April, but there are indications that a turning point in the volume slide may be coming. Preliminary figures suggest a 35% YOY decline on sales of $21.7 billion. While the...

US CRE Volume Slides Through Q1 But Pricing Holds Steady

Jim Costello / April 15th, 2016

U.S. commercial property sales fell in the first quarter, with preliminary data showing deal volume came in at $101 billion, down 27% from a year earlier. Despite this fall in volume, pricing is still...

Where Does the Market Go Next? Which Market?

Jim Costello / April 7th, 2016

I have been traveling in Northern California this week as the team back east released the February 2016 figures for the Moody’s/RCA CPPI. In every client visit to talk about the markets and the economy...

US Commercial Real Estate Market Takes a Breather in February

Jim Costello / March 18th, 2016

Preliminary estimates suggest that U.S. commercial real estate volume fell 48% in February from a year earlier, following January’s 3% drop. Combined with the fall in the Moody’s/RCA CPPI...

US CPPI Declines in January, First Drop in Six Years

Jim Costello / March 8th, 2016

In January, the Moody’s/RCA CPPI recorded the first monthly decline in six years, falling 0.3% for the national all-property composite. One month is not a trend but the slight decline in January follows...

US Market Posts Strongest 60-Day Deal Volume But Growth Is Slowing

Bob White / February 19th, 2016

In spite of volatility in the broader financial market, preliminary sales figures suggest that deal volume remained elevated at $44.5 billion in January. While this figure is down 7% from a year earlier...

My Observations on MBA CREF16

Jim Costello / February 10th, 2016

Everybody knows that with the high volume of loans originated in 2006 and 2007, in the next two years the market will need to refinance much more debt than in years past. The unknown is whether there will...

Will a Strong Dollar Send U.S. Investors on a Buying Spree?

Jim Costello / February 1st, 2016

A buddy of mine texted me: Is it time to buy a place in Whistler? The Canadian dollar is falling...time to party? This is the guy who bribed his way into East Germany…

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