A report from CBS 12 in Florida. "Florida is ranked fifth in the country for mortgage delinquency, according to Black Knight. Right now there are almost 94,000 unemployment claims in Florida according to the state's Department of Economic Opportunity. Despite this, experts say they do not expect a housing crisis like the one in 2008. 'Most homeowners have equity and a lot of it right now. So if homeownership becomes unaffordable for them, they’ll just sell it rather than let the home foreclose or short sale. They can take their equity and move on,' said Realtor Erica Wolfe."

"For people struggling right now with payments, forbearance is an option: where your mortgage payments are put off and tacked on to the end of your mortgage. 'We've got unemployment benefits that are set to expire at the end of July. We have the housing moratorium set to end July first. Which means evictions, foreclosures,' said Jim Sahnger, a mortgage broker. 'So they would allow you to set up forbearance for 90 days, and before that ends you can file for another 90 days. And you can do that for up to 12 months.'"

The New York Post. "With property taxes due July 1, it should come as no shock to anyone that thousands of building owners will be unable to make their equivalent of rent payments on time. That doesn’t bode well for a city already teetering on the brink of economic collapse. Landlords are in this predicament because there has been a 25 percent to 35 percent decline in rent collection since April, shortly after COVID-19 shut down the Big Apple."

"But small building owners — mom-and-pop operations, mostly immigrants and people of color — aren’t getting rent from as much as 50 to 60 percent of their apartments. ake Lincoln Eccles. The son of Jamaican immigrants, he owns a 14-unit building in Crown Heights. He has been working on payment agreements with half of his tenants, and that doesn’t include two apartments that haven’t paid rent since 2018. The property taxes due today represent 60 percent of his rent rolls, revenue he simply doesn’t have. Not to mention, Eccles is also grappling with a $9,000 emergency boiler repair."

"Property taxes last year accounted for nearly half of the city’s revenue and fund essential services like public hospitals, education, sanitation and emergency response. Break the backs of owners, and they won’t be able to contribute at all — a catastrophe."

The Silicon Valley Voice in California. "Development experts from the Urban Land Institute gave a presentation to Santa Clara Planning Commissioners at a special session. Drew Hudacek, Development Officer for Sarges Regis Group, spoke about the current development landscape in the Bay Area with a focus on Silicon Valley in light of the COVID-19 pandemic."

"'As we’re experiencing this coronavirus, industrial and multifamily apartments are generally holding up well or fairly well, office is somewhere in the middle, and retail and particularly hospitality are absolutely decimated at the moment,' said Hudacek."

"'I do expect some developments to get delayed because of the COVID crisis,' said Commissioner Steve Kelly. 'I’m in the mindset that they’re probably hurting financially, they’re going to probably have greater losses because of the delays and the economic situation we’re currently in.'"

"Hudacek responded that capital markets froze in March and April due to the pandemic, and so for many projects that were planning on breaking ground in 2020 or 2021, the financing evaporated."

From Bisnow on Texas. "The Dallas-Fort Worth multifamily sector lost some of its rental price growth in the wake of the coronavirus pandemic. '[In] Class D and C, there wasn't as much activity there as I was expecting,' ApartmentData President Bruce McClenny said about rental price changes. The higher-priced segment simply has farther to fall in price and, because of recent development activity, more spaces to fill, McClenny said."

"Transwestern Dallas Research Manager Andrew Matheny said older properties have less to lose in terms of price when compared to Class-A properties that sit well above the $1,200 per month rate. 'We have seen similar trends with most of the movement happening on the Class-A side, but I think that is a function of really where they are price wise,' Matheny said."

The Philadelphia Inquirer in Pennsylvania. "Up to $2.7 billion worth of commercial mortgages held by Wall Street investors against Philadelphia-area property is being monitored for potential default as damage from the coronavirus mounts. The figure was the sum 'watchlisted' for potential nonpayment in May, according to new data from the loan-analysis specialists Cred IQ. The total sum, the most recent figure available, jumped 74% from March, when the pandemic began to drive down the economy, Cred IQ reported."

"Nationally, the amount of such watchlisted debt surged 84% to nearly $100 billion over that time, the data show. Analysts blamed the entire increase, both nationally and locally, on the pandemic, underscoring deepening concern that owners of all types of property will begin missing mortgage payments en masse, as shuttered or otherwise cash-starved tenants increasingly fail to make rent."

"'We’ve shut the economy down: It was like flipping a switch,' said Christophe Terlizzi, who heads KeyBank’s commercial real estate practice in the region. 'I can’t imagine there are many properties right now that are not impacted.'"

"In Philadelphia and surrounding Pennsylvania and South Jersey counties, there were 80 loans totaling $1.5 billion in debt in May for which COVID-19 was cited as a reason for their being watchlisted, up from seven loans totaling $189.6 million in March, according to Cred IQ. They include the Hilton Penn’s Landing hotel, the Montgomery Mall in North Wales, the View at Montgomery student housing tower near Temple University, and the Fillmore Philadelphia concert venue."

"Banks have the same set of options available to them, but are more likely to offer distressed borrowers forbearance than to foreclose on their properties, said Michael Fay, a principal, managing director, and head of the asset-resolution team at brokerage firm Avison Young. There are only about a dozen or so special servicer firms operating in the country, while there are thousands of banks, so servicers are less able to offer customized responses to the rapidly expanding volume of troubled debt that the growing watchlists may presage, he said."

"Special servicers have about as much work on their hands as they did when the real estate market was feeling the brunt of the last recession a decade ago, Fay said. 'But that happened over a three-year period,' he said. 'This is over a three-month period.'"

From TMZ on Wisconsin. "Dustin Diamond needs to be saved by more than the bell if he wants to keep his home in Wisconsin -- the bank is knocking on his door and looking to foreclose. The 'Saved By The Bell' star owes Wells Fargo a whopping $269,329.36 -- according to legal docs obtained by TMZ -- and the bank is asking the court to sign off on the foreclosure."

"Dustin tells TMZ … he didn't even know he was so far behind on the mortgage, because he hasn't been to the Port Washington property since January of last year, as he's been living in Florida instead. Screech says he moved into the house way back in 2003, when the property was worth $340,000, and tells us he plunked down a $68,000 down payment. He says he doesn't understand how he owes such a large sum. Homeownership ain't easy, or cheap."

"Screech says he lost 30 years of memories in the home's flooded basement … his comic collection, instruments, chess collection, family pictures and videos were all ruined. Dustin tells us … 'Foreclosure means nothing when a house is destroyed … with my items I've lost, it now feels like Wells Fargo is trying to kick me when I'm down.'"

The Star Advertiser on Hawaii. "Most of the state’s visitor industry is in preseason training for the Aug. 1 reopening of trans-Pacific tourism, which revolves around a COVID-19 passenger testing program. One exception is Oahu’s vacation rentals, which are still sidelined by Honolulu Mayor Kirk Caldwell’s emergency orders prohibiting them from operating as essential businesses. While Hawaii’s entire visitor industry is struggling, vacation rentals, especially on Oahu, have been among the hardest hit."

"Only 9% of short-term units statewide were occupied in May, a month when emergency bans were active on all islands and occupancy experienced a 61.7 percentage-point drop. In comparison, Hawaii’s hotels, which are deemed essential businesses, were more than 14% occupied last month."

"'Mayor Caldwell’s glaring omission of legal vacation rentals from any reopening plans on Oahu is discriminatory against lawfully operating, tax-paying vacation rental owners and operators,' said Andreea Grigore, vice president of property management for Elite Pacific Properties, which manages approximately 300 short-term and 400 long-term properties statewide. 'The obvious consequence of this is that it’s causing severe economic hardship for individual owners of vacation rentals as well as vacation rental management companies.'"

"Another hui member, Munro Murdock, founder of Love Hawaii Realty and Love Hawaii Villas, said vacation rental losses, especially on Oahu, are mounting. 'From the end of March through June, we’ve lost $300,000 as a management company for 30 owners,' Murdock said. 'We’re projecting well over $2 million in losses for our owners.'"

From Seattle PI in Washington. "In regards to this week’s market conditions in Seattle’s Downtown core, listings rose to 208 units and 232 condos for sale if you consider the new construction units currently listed. There were 7 closed sales and 22 pending sales. Over the last 5-6 weeks, Downtown Seattle condo inventory has risen 25% – up from 165 units or so back in March."

"In the last 30 days there were 23 pending sales. That equates to an absorption rate of just over 11% or 9 months of inventory. Buyers seem to have firm control of the condo market at these levels. That brings me to a very important market consideration. Are Seller’s fleeing the downtown core for the suburbs?"

"I had an opportunity this week to share my thoughts with my Company (Compass). One of the questions I was asked to answer, was to validate if people are leaving the downtown core. The short answer is yes. Some owners are fed up with Seattle City Council, the Mayor, the homeless and the protesting. The biggest catalyst for people moving however has been the Coronavirus. There are some buyers that just can’t imagine vertical living right now."