US commercial property prices fall close to bottom, according to analysts
Posted on Mon, Aug 23, 2010
Moody'’ bases the index on the dollar volume of repeat sales transactions in commercial real estate. Analysts reported $2.1 billion of these transactions in June, up from $1.5 billion in May and $800 million in April. Moody’s managing director Nick Levidy said the increase in sales could mean prices have fallen far enough to meet new demand.
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