A report from Bankrate. "You’ve listed your home at what you both believe is an accurate price, and you’ve hosted many showings, but so far, no one has made an offer. So why hasn’t your home sold? 'Pricing is usually the reason,' explains Gordy Marks, managing broker at RE/MAX Northwest in Kirkland, Washington. 'Most other issues can be overlooked if your price is right.'"

"''We recommend a price adjustment after 10 days on the market,' says Dustin Fox, a Realtor with Pearson Smith Realty in Ashburn, Virginia. 'This gives you time for two open houses on back-to-back weekends. You don’t want to reduce the price too late because buyers then look at your days on the market as an opportunity to save money and lower their offers.'"

"If your home was originally priced on the high side, it may not be unreasonable to reduce it by 4 percent to 7 percent, says Ruth Shin, CEO of PropertyNest. 'You probably want to reduce by more than 3 percent, at minimum,' agrees Marks, 'but I would pay attention to what it takes to get to the next lower price.'"

From Culture Map Dallas. "Financial website SmartAsset took a look at 100 of the U.S.'s biggest cities to see where it really pays to negotiate when buying a home, and three Texas locales land high on the list. After comparing the percentage of listings with a price cut and the median price reduction, the site declared Buffalo, New York, the city that's most likely to cut you a deal. There, homes saw an average price reduction of 3.93 percent between August 2019 and September 2020, the highest in the study."

"For comparison, Dallas-Fort Worth ranks No. 25 with a median price reduction of 1.92 percent. It showed 19.44 percent of homes listed during the studied time experienced a price cut. Houston lands at No. 15, with 19.32 percent of homes slashing prices while on the market, for a median 2.26 percent reduction. SmartAsset also found that price reductions aren't uncommon, no matter where you're looking to buy. Across all 100 metro areas in the study, an average of 15.70 percent of home listings had a price cut."

From KRLD in Texas. "Some North Texas rents are falling as property owners try to attract tenants. Figures released by RealPage show that Dallas-area rates have been cut by anywhere from one-to-three percent. That's not bad compared to other parts of the country like New York (down ten percent) or the San Francisco Bay area (off nearly 13 percent)."

From 6 Sq Ft in New York. "Since the beginning of the coronavirus pandemic in March, rental prices in Manhattan have dropped by 24 percent. In Noho, rental prices have fallen by roughly 49 percent from March to September. In the Park/Fifth Avenue section of the Upper East Side, prices have dropped by 43 percent during the same time period. Other areas in the borough that have seen a significant drop in prices between March and September include Carnegie Hill, down about 37 percent, Morningside Heights, about 30 percent, and the area encompassing Riverside Drive/West End Avenue, about 27 percent."

"CityRealty also found a growing listing inventory in Manhattan, which has climbed by nearly 200 percent. Overall, according to a report by real estate appraisers at Miller Samuel, New York City’s listing inventory reached its highest level in 14 years last month."

The Real Deal on New York. "Sharon Redhead, a second-generation landlord in East Flatbush, is having second thoughts about continuing the family business. She blames not Covid, but the state’s rent law. Now she has several rent-stabilized apartments sitting vacant, with no plans to renovate them, and has turned away apartment-hunters. Last year’s legislative changes have her rethinking the future. 'We’re having a family meeting this week to discuss getting out of the landlord business,' Redhead said. 'But if I sold now, the only people that would buy are private equity groups.' (Those firms have yet to start gobbling up multifamily buildings at heavy discounts, although some have called that inevitable.)"

"Smaller landlords are not the only ones who have considered putting the brakes on renovating and renting out apartments. A month after last year’s changes to the law, Blackstone Group announced that it was halting renovations at Stuyvesant Town. Its practice of keeping apartments vacant — which some call warehousing — soon came to light, although the firm later said it was renovating and leasing apartments as usual. According to numerous other multifamily property owners, however, warehousing is now widespread."

"Landlords wishing to shed properties may present an opportunity for city programs, affordable housing developers and tenant groups to step in and 'serve as a safety net,' said Moses Gates, the Regional Planning Association’s vice president for housing and neighborhood planning. 'If a landlord wants out of a building, it’s really only a matter of negotiating over price,' he said."

The Real Deal on Florida. "William Parrillo and his wife sold their Fisher Island condo for $7 million. The unit last sold in 2004 for $5.2 million. It hit the market in 2018 for $17 million, and was relisted since then. It was most recently asking nearly $11 million."

The Miami Herald in Florida. "Two years ago, a little-known developer named Ricky Trinidad swept into Coconut Grove with ambitious plans to remake Grand Avenue in the village’s historically Black section. He promised passenger drones to ferry around residents of his developments and started spending big to acquire land. But not much else happened. Now the Coral Gables-based firm he manages, Metronomic Holdings, faces several foreclosure suits and has filed for reorganization in federal bankruptcy court."

"The picture laid out in its Chapter 11 filing is not pretty: A list of Metronomic’s 20 largest unsecured debts tops $91 million, including $488,538.46 in unpaid property taxes and $1.5 million to Miami-Dade County’s environmental regulation agency. Listed creditors also include mortgage holders, contractors, architects, lawyers and Miami-Dade Water and Sewer."

From Socket Site in California. "Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down over 20 percent on a year-over-year basis and nearly 25 percent below a 2015-era peak, driven by a sharp increase in vacancy rates (which had briefly waned earlier this month but has since started ticking back up)."

"The average asking rent for an average apartment in the city, which measures 2.4 bedrooms when counting a studio as having one, is now 18 percent ($725 a month) cheaper than just seven months ago. At the same time, offers of complimentary rent and cash concessions haven’t waned, driving effective rents down even more. And a we noted earlier this month, rents in Oakland are now dropping as well, with the average asking rent for an apartment in Oakland having just dropped to under $2,500 a month (versus nearly $3,000 a month at peak), which is down nearly 6 percent over the past month as well."

The Bold Italic on California. "It seems like there’s a moving truck on our block every day in San Francisco’s Haight-Ashbury. Recently, I found out that my apartment building had three open units, and the landlord had slashed prices by nearly 25%. The giveaways in my Buy Nothing Facebook groups and the items on Craigslist are indicative that people are offloading — entire furniture sets, cookware, pantry items, and innumerable random items you routinely find when cleaning out and packing up."

"After six months of quarantine but nowhere near flattening the curve, we’ve become another trope: that of the techies actively planning their California exodus during Covid-19. Ironically, that’s catalyzed a drop in one-bedroom rents by about 14% compared to 2019. Even so, buying a house remains out of reach."

"The truth is: I’m not finished with California. But it’s getting harder to justify. How much longer will I be able to ignore the lack of affordability and the looming existential threat? It’s the first time in my life where I feel like I’m scraping to find a reason to stay in a place despite my deep desire to do so. I’m in my early thirties, and these days, practicality reigns. I know for certain I’m not finished with California, but it’s starting to really set in that California may be finished with me."