A report from WBAL TV in Maryland. "Brian Coleman, a senior home loan consultant with Main Street Home Loans, said average mortgage and refinance rates are under 3%. 'It's helping people with their purchasing power -- you can afford a little bit more house with a little bit less payment,' Coleman said. The reason has to do with low inventory and banks' uncertainty concerning the economy and COVID-19. 'You have banks and backing and investors things like that that want to keep this thing going.'"

From DS News. "Thirty-two percent of Americans did not make a full, on-time housing payment is July, according to Apartment List. This is up slightly from 30% in June. During the first week of July, 19% of Americans had made no housing payment, while an additional 13% paid just a portion of their monthly bill. The report added that 43% of households earning between $25,000 and $75,000 did not pay their full housing payment in July. Additionally, homeowners between the ages of 45-60 were found to miss the most payments at 22%. An additional 7% made a partial payment."

"Black Knight’s latest report stated that with 4.1 million homeowners past due on their mortgage loans, the national delinquency rate is now 7.76%. Delinquencies jumped 20% and 1.3 percentage points higher in May, which Black Knight noted, 'would have been the worst single month ever recorded if it weren’t for the 3.1 percentage point increase the month prior.'"

From The Real Deal on Florida. "Citing construction defects and potential future flooding issues, a Los Angeles buyer wants to kill his deal to buy a top-floor unit in a new Bay Harbor Islands boutique condominium. Richard Bergman, the attorney for the development entity, said every floor in the building has received a certificate of occupancy, and the common elements have a temporary certificate of occupancy. Bergman said he had not seen Henros’ lawsuit but chalked it up to buyer’s remorse."

From Mansion Global on New York. "Billionaire hedge funder and major Democratic donor Henry Laufer listed his Trump Tower condo in Manhattan for $6.75 million on Wednesday. Mr. Laufer and his wife have owned the four-bedroom aerie at the iconic Fifth Avenue building, since 2006, according to public property records. They paid $9.5 million at the time, nearly $3 million less than they’re asking for the lavish condo today."

From The Real Deal. "In March, the federal government sold a 13,000-square-foot mansion in the exclusive Bird Streets neighborhood that once belonged to Malaysian fugitive Jho Low. In May, it unloaded a condo in New York City’s trendy Soho neighborhood that Low had also owned. Now, the government wants to sell off another property it seized from him, the 116-room Viceroy L’Ermitage Beverly Hills, according to the New York Times."

"Along with the Viceroy L’Ermitage, the Bird Streets home and the Soho condo, Low bought an 85 percent stake in the Park Lane Hotel, and another Manhattan condo. The L.A. home and the Soho condo were both sold at steep discounts. The L.A. home sold for $18.5 million, less than half what Low had paid in 2016."

The Los Angeles Times in California. "Adam Lambert couldn’t quite turn a profit in Hollywood Hills. The 'American Idol' alum just sold the modern digs for $2.92 million, or $75,000 shy of what he paid six years ago."

From Patch Marin in California. "Having conducted the study since 2015, Kentfield-based Foundation Homes Property Management is well-positioned to characterize the market and to predict changes that may be on the horizon. The April 1/June 30 period is the first studied during state and Marin County regulations related to the COVID-19 pandemic. Although properties stayed on the market for shorter periods of time (generally 4-6 weeks), demand and rental closing volume are still well below last year."

"The average discount (actual price to listed price) as in the 5% to 10% range. Approximately half of Foundation's properties are in the luxury segment."

The Houston Chronicle in Texas. "Originally listed in 2019, the Memorial mansion at 402 Timberwilde Lane just got a price cut of nearly $1.5 million. Last fall it was marketed at $9.998 million; its new price tag is a 'mere' $8.5 million."

The Star Tribune in Minnesota. "The owner of the historic Ceresota senior apartment building in Minneapolis’ Mill District filed for bankruptcy last week, after defaulting on a bank agreement. The Ceresota Funding II LLC, at 155 S. Fifth Av., filed for Chapter 11 bankruptcy protection in court on July 1, stating it had both assets of between $10 million to $50 million and liabilities of $10 million to $50 million and up to 49 creditors."

"Late Tuesday, the facility’s tax credit investor, MinnWest Bank, filed a motion asking a federal court to dismiss the bankruptcy case. Minn­West Bank said it notified the managing member of Ceresota on Jan. 20 that the Ceresota project was in 'material default.' It also said that in March, it exercised its right to become the managing member of the project and that it never authorized any bankruptcy filing."

The Idaho Press. "In Northwest Boise, 22 nearly identical town homes sit empty. The brand-new Roe Street town homes, off State Street, were approved for 56 units by the city of Boise in April 2017. So far only part of the first phase of the project has been built. They are advertised on project developer CBH Homes' website and have a price of $279,000 elsewhere online; this is well below the median price of $363,000 for a home in Ada County. The town homes are not listed on Zillow as available for purchase. CBH Homes did not return requests for comment about the status of the project."

"Earlier this summer CBH Homes asked city council to grant a one-year time extension on the construction of the second phase of the town homes due to the developer, Corey Barton, 'not having the demand he estimated' for the town home lots in the project. Planning documents for the project available on the city’s website say the entire project is set to be 154 units."

"North West Neighborhood Association President Richard Llewellyn said the city has often used the housing shortage as the reason for denser housing like town homes and apartments in this area instead of single-family homes, but an entire neighborhood sitting empty doesn’t do much reduce prices."

"'We get lots of developments rushed through, in part with the justification of trying to provide more affordable housing, and if developers are holding their product after it’s already built then it certainly doesn’t do a whole lot to meet that demand at the price people are willing to pay or can pay,' he said.