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Moody's: Is CRE Turning Corner?(commercial real estate )(Brief article)
New York -- Commercial real estate prices as measured by Moody's/REAL Commercial Property Price Indices rose 2.1% in February, offsetting most of the losses the CPPI had posted since October.
"We interpret the CPPI's increase in February as a continuation of the process of price discovery, which is likely to continue over a protracted period, possibly a few more quarters," said Moody's vice president Sally Gordon. "Few foreclosures or other forced sales at market clearing prices have occurred to help tease out ...
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