Fed's Cook Says If Commercial Mortgage Delinquency Rates Force Sales, Commercial Real Estate Prices 'Could Decline Sharply'; For Some Borrowers Debt Service Capacity Has Begun To Show Signs Of Weakness
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Cook has warned that if commercial mortgage delinquency rates force sales, commercial real estate prices could decline sharply. He also noted that some borrowers' debt service capacity has begun to show signs of weakness.
November 06, 2023 | 4:04 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the potential decline in commercial real estate prices due to its exposure to the real estate sector.
The SPY ETF has exposure to the real estate sector. If commercial real estate prices decline sharply due to forced sales from high mortgage delinquency rates, this could negatively impact the value of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70