Commercial real estate prices have increased for three consecutive months, according to Moody’s/REAL Commercial Property Price Indices. Prices are now similar to levels recorded two years ago. In July, the national index posted a 5 percent increase. It’s now 12.6 percent above its post-peak low, however, it is 42.5 percent below its peak. Moody’s sees the latest gain more as a continuation of the bottoming process than as a harbinger of recovery. Sales of distressed assets made up 28 percent of the market in July. » Read More
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