“… the delinquency rate of Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June, up from 1.6% just six months ago in December 2022.”

Analyst Comment: A reckoning is coming for commercial real estate. Residential will be hit pretty hard too, but commercial is about to get rocked. Expect bankruptcies in skilled trade businesses to follow the collapse of the real estate bubble.