The revised outlook points to prolonged pressure on housing demand, with potential consequences for developers, lenders and retail properties.

Rents in the Texas capital fell more than 20% from their 2022 peak, while more than half of apartment properties offered concessions.

A handful of sizable deals helps explain why the two markets account for more than half of delinquent balances.

Residents may want a gym, while commercial owners may prefer a lobby. Voting software helps make those shared-budget decisions.