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Moody’s Investor Services reported on Wednesday that its Moody’s/REAL Commercial Property Price Index, which tracks repeat sales, dropped 3.7 percent from March and 13 percent from a year earlier.   Bottom line:  this is strong evidence of the continuing fall of commercial real estate property prices.  Moody’s Index is now 49 percent below the peak of October 2007, and at its lowest point in data going back to December 2000, according to this Bloomberg report.  About 30% of the reported April transactions involved distressed real estate (which might be conservative;  this is defined by Moody’s as only those assets where a known default, foreclosure proceeding or bankruptcy of the owner has occurred). 

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