The COVID-19 pandemic has been disastrous for the already-weakened retail industry. These rapid changes have dealt an unprecedented blow to the commercial real estate industry. However, not all real estate sectors are performing in the same manner.
The latest data from mortgage industry tracker, Black Knight, Inc., shows a 450% increase in the number of mortgages that are at least 90 days delinquent since pre-pandemic levels. At the same time, rates on 30-year loans have dropped below 3% for the first time.