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CMBS Delinquency Rate Up by 5 Basis Points in May

CMBS Delinquency Rate Up by 5 Basis Points in May

The delinquency rate for commercial mortgage-backed securities (CMBS) inched up in May by 5 basis points to 7.08%, according to new data from Trepp Inc. The overall CMBS delinquent balance this month was $42.6 billion, up from $41.9 billion in April. If defeased loans...

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Report: New Apartments Sitting Vacant for Months

Report: New Apartments Sitting Vacant for Months

Nearly half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter. According to a new data report from Redfin (NASDAQ: RDFN), this marked the fifth consecutive quarter that...

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