The commercial real estate sector is at risk of seeing its biggest crash since 2008, and that could slam US banks with up to $160 billion in losses.
That’s according to a new working paper from researchers at USC, Columbia, Stanford, and Northwestern, assessing the impact of higher-for-longer interest rates on the commercial real estate industry and the US banking system.
Read More : Warning Signs: US Banks at Risk of $160 Billion in Losses Amid Commercial Real Estate Downturn