Case: Drop in property price index is good news for REITs

11/5/2010 | Seeking Alpha

A 7.3% drop in property prices captured by the Massachusetts Institute of Technology's Center for Real Estate is good news for REITs, writes Brad Case in a guest column for Seeking Alpha. That is because, as MIT also pointed out, the number of transactions in the index increased more than in any other quarter since the end of 2007, he says. That means more sellers are actually willing to sell -- a problem since the start of the recession. REITs' access to capital gives them a competitive advantage over other potential buyers in this environment, Case concludes.

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