The Smith Letter

The Smith Letter

Foreclosure rate by state, Steep Maturity Wall for CRE

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The Smith Letter
Feb 25, 2025
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WHAT’S MOVING THE MARKET

  • Vacancies linger as renter options grow. Renters now have more choices, leaving stabilized units vacant nearly five days longer than pre-2020, with the nationwide average reaching 34.4 days by late 2024. This increase adds around $275 per unit in turnover costs, cutting into rental income as over half a million stabilized units s…

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