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NEW YORK CITY-Continuing along a track of bouncing along the bottom that has prevailed thus far in 2010, US commercial real estate prices took their second consecutive monthly decline in July, Moody’s and Real Estate Analytics said Monday. The index is now only 0.9% above the recession low recorded in October 2009, and 43.2% below its October 2007 peak.

July’s decline in the Moody’s/REAL All Property Type Aggregate Index was 3.1%, and means that commercial property prices have fallen a total of 4% in the first seven months of this year. June’s decline was also more than 3%, and follows two months of gains, which followed a monthly decline in February and March that occurred after a three-month streak that marked prices’ first gains in 13 months.

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