March 31, Freddie Mac Form

Instructions and help about March 31, Freddie Mac

landlords Across America are now defaulting on their mortgages at the highest rate in decades suggesting that the commercial property crash in America is about to get much worse with data from Freddy Mack showing that the serious delinquency rate on multif family mortgages has nearly quadrupled over the last year to the highest rate in a decade quite literally many apartment landlords are now being forced to hand back the keys to the bank because it is no longer profit profitable for them to run the property with one of the biggest issues now for the commercial real estate sector in America and particularly apartment properties being increasing vacancy rates with apartment list reporting the national vacancy index has increased from a low of 3.9% in late 2021 up to 6.6% in February 2024 which is now higher than it was before the pandemic higher vacancy rates mean lots of empty apartments that landlords are now frantically trying to fix fil with the result being massive Cuts in rent in