Moody's Investors Service's released its National CPPI index for August, which showed a 2.4% monthly rise in commercial real estate (CRE) prices.
The CPPI index has currently risen for four straight months and is 15.3% above the lows in April 2011. The increase was attributed partly to the decline of the distressed transaction share. These deals typically sell for lower valuations. Distressed share of all repeat sale transactions dropped to 21.7%, which is down 5.9% from last month. At the same time, distressed prices dipped 3.5% from July numbers.