All major property types experienced annual declines in April, marking the first time since September 2010 that prices fell across the board, according to MSCI Real Assets. The RCA CPPI National All-Property Index dropped 1.1% from March and 9.4% from April of 2022 due to a slide in apartment sector prices.
Industrial properties held out until April when they saw both monthly and annual price drops of 0.5% and 0.8%, respectively, while apartments again posted the largest monthly (1.5%) and yearly (12%) decreases among major property types as rising mortgage rates have led to a sharp drop in prices . Retail properties declined 6% year over year along with a decrease of 0
