Credit Crunch, Winners & Losers, Cost of Care 8/8/23
The Exchange
00:00
The Fed's Attention to Commercial Real Estate Debt
New data shows delinquencies for a key part of the market are on the rise, and that could be the next shoe to drop for some banks. A big chunk of it is defaults on hotels in San Francisco, but four out of the five commercial sectors saw default increases. For office properties that have already shown signs of distress, they're down 52% according to Trep.
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