Scary US real estate numbers

The level of distress in US commercial real estate is finally becoming clear, with increasingly large swaths of loans made from 2005 to 2007 proving problematic. Realpoint offers an in-depth look at the damage.

In June 2009, the delinquent unpaid balance for CMBS increased by a substantial $9.87 billion, up to a trailing 12-month high of $28.65 billion. Overall, the delinquent unpaid balance grew for the 10th straight month, up an astounding 585% from one-year ago (when only $4.18 billion of delinquent balance was reported for June 2008), and is now almost 13 times the low point of $2.21 billion in March 2007.

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