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RCA CPPI: US Commercial Property Price Indexes (December 2025)

The December 2025 RCA CPPI release reports the National All-Property Index up 2.4 percent from a year earlier, with recent momentum stronger as the annualized change averaged 9.7 percent over the prior three months. The indexes cover the major property sectors and US metros.

Capital MarketsOfficeIndustrial & LogisticsRetailMultifamilyU.S. National
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MSCI notes acquisitions by traditional core real estate investors are at extremely low levels even as inflation falls and valuations stabilize, creating conditions for renewed price discovery in 2026.

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US Capital Trends: Changing Dynamics in Real Estate Lending

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Warsh's First FOMC Meeting Signals a New Fed Playbook

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Commercial and Multifamily Mortgage Debt Outstanding Crosses $5 Trillion in First-Quarter 2026

MBA's quarterly Commercial/Multifamily Mortgage Debt Outstanding report finds total debt rose $26.3 billion (0.5%) to $5.02 trillion in Q1 2026, with multifamily debt up $23.0 billion to $2.32 trillion.

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