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MBA Slashes 2024 Commercial Real Estate Outlook

The Mortgage Bankers Association has sharply cut its projections for commercial real estate lending in the year ahead. So reports Credit Union Times.

MBAAccording to the MBA, total commercial real estate production will be $559 billion next year, a 35% drop from $856 billion from its previous forecast.

Delinquency rates for commercial real estate have gone up for four straight quarters, said Jamie Woodwell, the MBA’s head of commercial real estate research.

Read the full article from the Credit Union Times.

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