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US commercial property prices fall close to bottom

Posted on 24 August 2010

From Propertywire.com: Prices in the US commercial property sector are down to nearly half the levels seen at the height of the real estate boom and delinquency rates have doubled, according to the latest index from Moody’s.
National property prices on commercial real estate dropped 9.1% in June from last year, the Moody’s commercial property price index shows. The rate declined 0.9% over the first half of 2010, and while prices remain 4.2% above the current recession low of October, they are down 41.4% from the peak in October 2007…………………………………….Full Article: Source


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