From: Calculated Risk:
Commercial real estate delinquencies are rising rapidly, and are at the highest rate since ‘95 (as delinquency rates declined following the S&L crisis). From the Fed: “Commercial real estate loans include construction and land development loans, loans secured by multifamily residences, and loans secured by nonfarm, nonresidential real estate.”
Residential real estate delinquencies are at the highest level since the Fed started tracking the data (since Q1 ‘91).
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