Post by
Donwaan on Mar 10, 2024 4:06pm
Something to keep an eye on
Some 300 US banks are at risk as about 20% of US office space was unleased at the end of last year. Property values have already plunged 25% across the country. In the coming months, many of the mortgages that were taken out before at low interest rates will need to be refinanced. https://www.bbc.com/news/business-68472143