When interest rates started to rise, they shot back up. This Past year they were flatlined and industrial and multifamily come down a little bit. But here's the other side of the equation. CRE delinquency rates, they're getting worse. They started Getting worse in 2223. Look at office 11.1% delinquency rates. Look at multifamily. That's had a big move up. It's the blue, and it's continuing to move up. Why is that? (44:54–45:03)
CLAIM
Asserts that commercial real estate delinquency rates have worsened since 2022-2023.
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