And there will be uptick in distress. Sales absolutely has occurred. Multifamily will see a modest uptick in vacancy. And delinquency rates absolutely occurred. In fact, Delinquency rates have gone up probably more than I was even expecting. Retail will find a more difficult year as more retail bankruptcies occurred. Retail's probably hung in there a little bit better, but there has been a lot of retail bankruptcies. (07:11–07:15)
CLAIM
Asserts that delinquency rates have increased significantly.
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