First, in the words of Douglas Adams and his The Hitchhiker's Guide to the Galaxy, "Don't panic."
It's not a case of the sky is falling. It's not a matter of all multifamily properties plunging toward the ground like a meteorite burning hot and fast before embedding itself into the earth. And, overall, things are pretty good.
But there are problems brewing in certain areas of multifamily, according to Fitch Ratings, because of the relatively high price of refinancing loans.
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