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Indices of both markets showed this week that the recent decline was almost offset the gains light of the two markets has shown, after prices seemed to have hit bottom.

The Standard & Poor’s / Case-Shiller home price in February ended 3.3 percent lower than that recorded a year ago, and only 0.5 percent above the canal reached in May 2009. / REAL commercial property price index Moody was reported that 4.9 percent over the past 12 months, but still 0.8 percent above the lows recorded last August.

In both cases, the sales volume is far below what they were when the markets were rising, and most of the properties that were sold in difficulty before the sale. National Association of Realtors estimates that about 40 percent of existing homes, which were exchanged in March was both a foreclosure or a short sale has been called, where the house was sold for less than the amount due to the current mortgage .

The total commercial real estate, which is based on data compiled by Real Capital Analytics shows that 29 percent of transactions in February involved distressed properties – including those already in foreclosure or default, and those whose owners have bankrupt.

“Only when the percentage of sales of significant discomfort of the cuts that we will be able to enter the recovery phase,” said Tad Philipp, Moody Research Director of commercial real estate.

As can be seen from the accompanying maps, home prices nationwide peaked in 2006 but has started to decline until 2007.

Initially, it was seen by many as the result of problems in the subprime market. Commercial property prices have increased rapidly in the early months of 2008, but decreased rapidly. The last national values of the indices indicate home prices down 31 percent from the peak level, but commercial real estate index will drop to 45 percent.

The graphs show the evolution of prices since December 2000. Home prices about 27 percent more than they were then, but commercial real estate was only 6 percent. Meanwhile, in a tale of the tortoise-versus-hare, rental rates are highest in the country than they were even though they do not thrive when prices of properties in arrow.

Both indexes are based on repeat sales of the same property, and the relative lack of commercial real estate transactions – the index had only 107 in February to more than 2.5 million each – the numbers are hard to be exact. However, it does show trends.

According to data from Moody’s, hotels and apartments in the most needy, with about 16 percent of loans in each category are classified as criminals. About 10 percent of loans on industrial property are in trouble, while the figures for offices and shops are less than about 7 percent.

Overall, increased the proportion of commercial loans in distress from less than 1 percent in late 2008 to over 9 percent now. But it has been stable in recent months, giving some hope that the market is not deteriorating.

On a regional basis, in the same market are usually problems in both commercial and residential real property. The three states with the highest percentage of commercial loans in difficulty according to Moody’s, are in Nevada, Arizona and Michigan. Nevada, for more than 30 per cent of loans are classified into difficulties, nearly double Arizona to 16 percent figure.

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