The Fed’s Zero Interest Rate Policy (ZIRP) have favored commercial real estate more than housing.
Here is a chart of Moody’s/RCA composite commercial real indices (office in white, apartments in yellow and the composite commercial index in green). Commercial property values bottomed out at the end of 2009 and beginning of 2010, depending on the property type.
http://confoundedinterest.wordpress.com/2013/07/30/fed-low-interest-rate-policies-helped-commercial-real-estate-more-than-housing/
Here is a chart of Moody’s/RCA composite commercial real indices (office in white, apartments in yellow and the composite commercial index in green). Commercial property values bottomed out at the end of 2009 and beginning of 2010, depending on the property type.
http://confoundedinterest.wordpress.com/2013/07/30/fed-low-interest-rate-policies-helped-commercial-real-estate-more-than-housing/
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