Real estate (commercial and otherwise) is included in the stress tests, https://www.federalreserve.gov/publications/2023-Stress-Test-Scenarios.htm https://www.

Real estate (commercial and otherwise) is included in the stress tests, https://www.federalreserve.gov/publications/2023-Stress-Test-Scenarios.htm https://www.federalreserve.gov/publications/2023-Stress-Test... I think financial regulators are a bit too soft-touched, but they aren't so incompetent that they would neglect real estate, of all things, in stress test scenarios in this post GFC world.