Commercial real estate is probably the next pain point for regional banks and the stock market, according to BofA.
The bank noted that US regional banks account for 68% of all commercial real estate loans.
A combination of low occupancy and a wave of refinancing at higher interest rates could spell trouble for banks, stocks, and the broader economy.
https://markets.businessinsider.com/news/stocks/commercial-real-estate-debt-regional-banks-risk-stock-market-cre-2023-3?amp
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