A report from the Denver Post in Colorado. "It is unlikely that Denver Metro will experience a bursting housing bubble this year. The steady stream of demand from homebuyers should keep home prices within a healthy range. It is also important to consider that this lack of inventory will not plague Denver forever. New construction projects around town will aid in the leveling of the marketplace. These factors, in conjunction with COVID-19 eventually becoming more manageable on a large scale, should be the medicine the market needs to make a full recovery."

"The available inventory also varies by neighborhood. For example, the LoDo market has more than six months of inventory, which creates more opportunities for buyers than sellers. 'Clients are looking for clear direction on strategy in today’s real estate market. Any data or speculation based on a macro-level analysis grossly underestimates the tremendous amount of opportunity that exists in an inventory starved market,' said Shannel Ryan, President of LIV Sotheby’s International Realty, Metro Denver."

From Socket Site in California. "The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120 percent more inventory than there was at the same last year and a 10-year seasonal high. The number of single-family homes on the market in San Francisco (370) is now running 68 percent higher than at the same time last year while the number of condos (1,050), which tends to be a leading indicator for the market as a whole, is now up by nearly 150 percent having tallied over a thousand for the first time since the fourth quarter of 2010 last week."

"And there are now over 200 percent more listings on the MLS with an asking price that has been reduced at least once than at the same time last year, over seven times (7x) more reduced listings than there were in July of 2015, and the most reduced listings in the absolute since the fourth quarter of 2011."

From 7 News in California. "Zumper said in its July report that rents in San Francisco fell nearly 12% from the year before. Mountain View and Cupertino each saw year to year rents plummet 15%. In San Jose, rents dropped 8%. Two months ago, Mary Ann began looking for a new apartment. She flirted with putting down a deposit for an apartment in this high rise near the Embarcadero. 'We were going to immerse ourselves into a higher rent, but then we talked ourselves out of it,' she said."

"But the landlord suggested she keep checking back. The rent ended up dropping $550 to $3,200 in two months. She took it. Her apartment on the 19th floor will have views of the Bay Bridge and the Embarcadero. Her landlord even threw in free parking. Tenants right attorney Jackie Ravenscroft says some developments are offering one to three months free rent."

The Boston Globe in Massachusetts. "Marie Baptiste owns a rental property in Randolph. A nurse at a hospital in Fall River, she kept her old house when she moved to a newer one several years ago, figuring the rent would help her pay the bills when she retires. Lately, though, she’s had to pull money out of her retirement savings to cover the mortgage, property taxes, and insurance because her tenant stopped paying rent last fall, Baptiste said, well before the COVID-19 pandemic."

"She says the tenant owes her nearly $19,000, but because of a freeze on evictions during the pandemic, there’s nothing she can do about it now. Baptiste’s tenant, who asked that her name not be used, said she stopped paying rent in November because the house had fallen into serious disrepair, including water damage and an infestation of rats. Baptiste disputes those claims, saying the tenant is to blame for most of the problems."

"No matter what the reason for the lack of payments, the bills keep piling up. 'It’s all backwards,' Baptiste said. 'You have no way out. I don’t know if I’m going to lose everything I’ve worked so hard for.'"

"'Landlords are getting squeezed,' said Mike Hoefling, who owns a pair of three-family buildings in Worcester and has several tenants who are out of work. 'They’re not getting rent on one side, and on the other, banks are asking for their money.' In her more frustrated moments, Baptiste said, she’d just as soon let the place go ― hand it over to her tenants and walk away. 'It would be the best thing,' she said. 'I wouldn’t have to pay the mortgage and the taxes. I could move on with my life. But I can’t.'"

From The City on New York. "Since the pandemic struck the city, mover Dan Menchini has picked up the belongings of 200 New Yorkers and put them in storage as they left town. The customers, he said, either allowed their leases to lapse or talked their landlords into terminating their leases — but weren’t ready to decide on a permanent place to live. 'This has never happened before,' said Menchini, the owner of U Santini Inc., a 90-year-old moving company in Brooklyn. 'They send me their keys and say, ‘Pack it up and put it in storage and we’ll figure it out later.’ There are so many people in flux.'"

"With thousands or more leaving New York, rents are dropping for the first time in years, and residential housing experts say the decline will continue for the rest of 2020. What happens after that is unclear to even the experts. '“I view the summer as the spring market that never took off because of the shutdown,' said Jonathan Miller, chief executive of Miller Samuel and the author for decades of the Elliman reports that track the region’s residential markets. 'Then after Labor Day all bets are off. I think the rental market hasn’t found its level yet.'"

From Bisnow on New York. "New York City apartment rent collections improved in July, but they are still lagging behind the national average. Nearly 18% of apartment dwellers failed to pay their rent as of July 20, down from roughly 25% each month since April, according to a survey Community Housing Improvement Program conducted of 100,000 units of largely rent-stabilized apartments and some market-rate units."

"'The majority of property owners in New York City cannot operate their buildings at a loss for very long,' CHIP Executive Director Jay Martin said. 'They will be forced to sell their property to corporate landlords or vulture hedge funds unless action is taken by elected officials now.'"

"As of July 20, 15% of renters — or about 300,000 units — are at least a month behind on their rent payments and only 5% to 10% have begun to pay back rent they missed in months prior, CHIP's survey found. While rent collections remain low, demand for New York City apartments has plummeted since March. Joy Construction principal Eli Weiss, who owns thousands of units, told Bisnow last week that he has seen a 30% to 40% decrease in demand."

"Vacancy rates among those surveyed went from 3% to 4% in February to 8% to 10% in June, the CHIP survey found. Excess supply has driven rents down: Since February, rent prices have dropped 6.4% in Manhattan and 5.7% in Brooklyn, while the Bronx and Queens saw modest dips. For landlords with rent-stabilized apartments, ground-floor commercial rent collection, which makes up on average 30% of their overall operating income, is down even more: 62.8% of those commercial tenants didn't pay rent in July, according to CHIP."