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Biggest Property Price Drop Since Great Recession Deepens

Multifamily Prices Post Eighth Straight Monthly Decline
Commercial real estate prices are responding to higher interest rates as the Federal Reserve battles decades-high inflation. (Wikimedia Commons)
Commercial real estate prices are responding to higher interest rates as the Federal Reserve battles decades-high inflation. (Wikimedia Commons)
CoStar News
March 31, 2023 | 8:55 P.M.

Property prices are plunging at the fastest rate since the Great Recession as higher interest rates slow demand across the United States.

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