ZeroHedge grabs some recent charts from Realpoint that illustrate the ongoing commercial real estate meltdown. Click to enlarge.
Most notable is the explosion in 90+ day delinquencies for March relative to
April. In fact the deterioration is accelerating across all metrics: no second derivative green shoots anywhere in sight in CRE land.
And here are Realpoint’s uplifting recent ratings changes on the CMBS sector (Commercial Mortgage-Backed Securities).
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