A report from CBS New York. "As New Yorkers flee the city amid the coronavirus pandemic, parts of the city’s real estate market are rife with empty apartments. CBS2’s Jessica Moore reports the industry is dealing with nearly record low numbers of new condo and co-op sales. Apartment purchases for co-ops and condos in Manhattan fell by 80 percent in May. The high-end market took an even bigger hit – with sales of those valued between $5 million and $10 million down 90 percent. Home prices in Brooklyn fell at their fastest rate since the Great Recession."

From Insider New Jersey. "A bill creating a plan for the empty homes which have been foreclosed upon in our communities cleared the Assembly Thursday, 74-4-0. The sponsors issued the following statement on the legislation: 'New Jersey has the highest foreclosure rate in the country, in January 2020 foreclosures increased by 13%. Many foreclosed residential properties are vacant, undermining the health, safety, and economic vitality of neighborhoods, depressing their property values, and reducing revenues to municipalities.'"

"'The availability of tens of thousands of foreclosed residential properties presents a unique opportunity for us in New Jersey. Enabling the purchase and dedication, or the rental, of housing units for low-income and moderate-income residents, will put to good use the overabundance of vacant foreclosed residential properties in the state and help families in need.'"

From Stars and Stripes. "Andrea and Army Capt. Jerry Bortner bought their first home on the same street as Jerry’s brother near their next duty station in northern Virginia, confident that their military housing allowance would cover the monthly mortgage payment. But a Pentagon stop-movement order issued in March in response to the coronavirus pandemic has left them paying for two homes: their new 4-bedroom home near Fort Belvoir and the home they’re stuck renting at Fort Riley, Kan., until the Army lets them move."

"'We’re paying for two houses in May, June and July,' Andrea Bortner said in a phone call Thursday. 'It’s a big mess.'"

"The Bortners are among tens of thousands of military families whose permanent change of station moves have been delayed by the order. Many of those families are facing financial difficulties because of the backlog, said Kathy Roth-Douquet, CEO of the California-based nonprofit Blue Star Families. 'About a fifth of families with PCS orders polled have been paying two mortgages or leases,' Roth-Douquet said in a phone call."

The Wall Street Journal. "Former Under Armour CEO Kevin Plank has sold his historic home in Washington, D.C., to an unknown buyer for $17.25 million, down from its original $29.5 million asking price in 2018, according to a person with knowledge of the deal."

From People on Tennessee. "Kristin Cavallari has officially moved into her new $5 million Nashville-area estate, which she purchased amid her divorce from Jay Cutler, a source tells PEOPLE. The exes relisted their Nashville house for sale in May for $5 million. They originally put the nearly 20,000-sq.-ft. home on the market in 2018, six years after the pair acquired the estate in 2012. It's co-listed with Tim Thompson Premier Realtors and Sotheby’s International Realty for $4.95 million, a massive price cut from when they originally listed it in 2018 for a whopping $7.9 million."

From TMZ on California. "Travis Scott's new home looks more like a vacation destination, and one he paid all cash to get. Travis is the newest resident in Brentwood -- one of L.A.'s ritzier neighborhoods -- after dropping $23.5 million on the epic, 16,700-square-foot mansion. And, get this … he got it for a bargain! The mansion was first offered last summer at nearly double the price -- $42 mil -- before undergoing 2 big price chops."

The Associated Press. "A Southern California woman was arrested Friday on charges of swindling investors, mainly from China, out of $21.6 million in a phony condominium and hotel complex project. Ruixue 'Serena' Shi, 36, of Arcadia, was taken into custody by FBI agents on a criminal complaint charging her with wire fraud, a statement from the U.S. attorney's office said."

"Shi owned Global House Buyer, a China-based real estate development company, and was CEO of a Beverly Hills-based development company, according to court documents. From 2015 to 2018, Shi solicited investments for what she claimed would be a 207-unit luxury condo and hotel complex in the Coachella Valley, near Palm Springs, prosecutors said. Instead of building the project, she spent a large chunk of the money on a lavish lifestyle that included luxury cars, travel and designer clothing, prosecutors said."

"Most of the prospective investors were in China and she reached out to them through sales presentations at hotels, radio advertisements, and the Chinese-based messaging, social media and mobile payment app WeChat, authorities said. Victims who wanted to buy condos priced from $400,000 to $700,000 had to pay 40% of the price upfront as a down payment, prosecutors said. Others were told that investing in the project would allow them to obtain U.S. visas, authorities said."

From Seattle PI in Washington. "Inventory continues to climb. We are now up 197 condos for sale (200) as of Monday. If you remove new construction, we have 176 units for sale. The key to analyzing condos for sale is to evaluate how many units are selling relative to the number of active sales. In the last 12 months, there were 441 condos that sold in the Downtown core. Or 36.75 units per month. With the current inventory of units (197) and the average sale per month of (36.75) we would have 5.3 months supply of inventory."

"With that said, if you take the last 30 days of sales (23) and our current supply of inventory of (197) our months supply of inventory is currently 8.5 months. This obviously has a lot to do with the Coronavirus. We need to pay attention to the possibility that current owners are leaving the Downtown core for more traditional residential housing (with less density)."