Rising Apartment Vacancy Rates Could Threaten Regional Banks

rising-apartment-vacancy-rates-could-threaten-regional-banks
rising-apartment-vacancy-rates-could-threaten-regional-banks

Apartment vacancy rates soared to their highest level in 30 years in the fourth quarter of 2009. That means more apartment owners could have trouble paying their mortgages, which could lead to an even greater number of commercial defaults. U.S. bank examiners believe losses on commercial real estate loans pose the biggest risk to U.S. banks this year.