A report from ABC News on New York. "'Everyone's scared. A lot of major landlords are extremely nervous,' Chris Okada, a broker and investor in Manhattan, told ABC News. 'I mean, the Upper East Side is a ghost town. There are moving trucks everywhere … But we're hopeful.'"

"For many, experts said the pandemic was the excuse they needed to leave New York City. Lisa Chajet, of Warburg Realty, said she does think there is a demographic that is leaving the city and not coming back. 'It's the younger people who always had one foot out the door and this just pushed them,' she said. 'They were the 20 and 30-year-olds who were living here out of convenience and in small rentals. Why are they paying $6,000 a month for a crappy two-bedroom when everyone was working from home?'"

The Pittsburgh Post Gazette in Pennsylvania. "David Mike and Deanna Zaccagnini celebrated the purchase of their Lawrenceville home four years ago by getting engaged. They recently bought a home in Highland Park that gives them twice the interior square footage and an acre of land. They expect to sell the row house on 45th Street to another couple who wants to live close to all the action. But while it has only been a few weeks since the Zaccagninis listed their four-bedroom, three-bathroom unit for sale at $485,000, they’ve begun to realize that Lawrenceville properties aren’t flying off the shelf like before."

"Ten years after the former working-class community took a leading role in the biggest real estate boom in Pittsburgh history, Lawrenceville is for the first time experiencing an overabundance of houses for sale and it appears the city’s hottest real estate market is showing signs of cooling down. Recent data from the real estate listing service West Penn Multi-List shows other city neighborhoods are suffering from lower demand from homebuyers, too."

"The number of active residential real estate listings in Lawrenceville in the month of August stood at 228. That represented the highest number of homes available for sale in any single month in that neighborhood since at least 2015, according to West Penn Multi-List data. In May, 139 homes were on the market there."

"'The last decade has been the most extraordinary period for Pittsburgh real estate,' said Mike Netzel, operating partner at Keller Williams Realty. 'But tomorrow isn’t yesterday. That’s one thing we know for sure. Right now, we are in the middle and we don’t know where that is.'"

"Lawrenceville has become one of the city’s priciest neighborhoods, and in recent years, some say, it has become overdeveloped. John Petrak, executive vice president of the Realtors Association of Metropolitan Pittsburgh, said he’s not surprised that city home sales are lagging. 'Lawrenceville has become over-saturated and priced out of reach for many people and the increased deed transfer taxes have added an additional burden,' he said."

"Many Lawrenceville properties saw triple-digit price appreciation during the gold rush of the past decade in that neighborhood, which helped earn Pittsburgh the reputation for being the No. 1 city for real estate investors in the country. Tim Gyves, a real estate agent at Re/Max Select, has two homes listed for sale in the neighborhood. He said the days when people lined up to pay six figures for a gutted shell of a building appear to be over and buyers have way more options now than before. Sellers there are competing with newly constructed homes, newly renovated homes as well as 100-year-old existing row houses and single-family homes."

"Ken Nowosielski, a Hampton resident, has been trying to sell a home that he inherited from his mother on 45th Street in Lawrenceville for $450,000, since December 2018. He said he’s getting a bit concerned. It has recently been under contract twice, and both sales were canceled for COVID-19-related reasons. One buyer was unable to sell a house in Massachusetts; the other buyer lost a job."

"'We have not lowered the price,' Mr. Nowosielski said. 'The offers we’ve had were in line with what we wanted for the house. The thing now is we are competing with a lot of new construction.'"

From WHNT on Alabama. "The Huntsville Area Association of Realtors has been working with Huntsville City Council members to brace for potential housing impacts because of COVID-19. With evictions potentially on the horizon, many tenants and even property owners are expected to have issues paying their bills. HAAR says having abandoned or vacant houses in North Alabama is a larger concern because of the already low housing inventory. The potential for an increased number of vacant properties could have a major impact on home values."

"'If someone doesn’t want a property, there’s always some investor out there that wants to go in and renovate that property. Do something with it. Make it into a home for someone else,' said Tim Brown, the Vice President of the Huntsville Area Association of Realtors. While waiting is one thing to do, the realtors decided to essentially offer several work sessions with council members to make sure they have the tools at their disposal to limit the impact of vacant houses on Huntsville. 'We are giving them a playbook on how to avoid these situations and also the effects it’s going to have on particular areas,' said Brown."

"HAAR hopes the problem doesn’t present itself, but if it does, they have also been lobbying at the national level to find better protections for property managers. 'We want to help them to not go into foreclosure. To not have bad strikes against their credit because their tenants can’t pay and they are dependent on that,' said Brown."

From Loop North News in Illinois. "The Windy City’s real estate market in the summer of 2020 was hit by the COVID-19 pandemic, protests, marches for black lives, riots, and looting from Michigan Avenue to the suburbs. Despite the turbulent season, Chicago’s August existing-home sales skyrocketed to a strong 3,154 properties closed – the highest level for the year and up five percent over the same month last year, reported a new survey by RE/MAX Next."

"The RE/MAX Next August market survey also reported the following surprising findings: Pending under-contract home sales in Chicago are at their highest level in two years. The inventory of new listings reached its highest level since 2018. The current median price for a home sold in Chicago is $335,500, the highest price in two years."

"'Chicago as a whole saw a strong end-of-summer, but it does not paint a true picture of the market,' noted Mike Opyd, broker/owner of RE/MAX NEXT. 'The downtown Loop – plus immediate surrounding neighborhoods, including Streeterville, the New East Side, South Loop, and River North – have been flooded with new inventory resulting in widespread price corrections. Buyers are taking their time making decisions because they have many options from which to choose.'"

"Apparently, the increase in home and condominium inventory in the once-hot downtown neighborhoods is a direct result of Chicago’s rocky summer and the failure of Mayor Lori Lightfoot and Chicago police to control the streets. 'Many sellers are opting to leave downtown for the suburbs and/or to sell their in-town properties because of the turmoil the Loop areas have recently endured,' Opyd said."

"One major downtown broker, who had a half-dozen luxury listings, said he did not show a single property over the summer."

From CBS Chicago in Illinois. "Crazy parties, destruction, and violence – that is what is behind the City of Chicago’s new ban on one-night rentals. The ban was applied to Airbnb and other short-term property hosts with a unanimous City Council vote on Wednesday. People living in one section of the Old Town neighborhood know what it’s like to live next to a problem rental property. From wild parties to property damage, they call brand new rules a step in the right direction."

"Diane Fitzgerald said when it comes to what her neighborhood calls the 'party rental' spot on her block, she has seen it all – traffic jams at 2 a.m. and hundreds of people coming in and out. 'There was a bachelor party and they were having a golden arches contest,' Fitzgerald said. 'Off of there onto our roof. They were peeing on our roof.'"

From National Public Radio. "America may be seeing high unemployment and mounting bankruptcies, but the housing market is booming. And there's a new kind of boomtown, actually - Zoom towns. Greg Rosalsky of NPR's Planet Money has the story. 'It's not just vacation wonderland seeing home prices surging. Daryl Fairweather, the chief economist at Redfin says the boom is happening pretty much everywhere except New York City and San Francisco.'"

"'Over half of all young adults aged 18 to 29 are now living with their folks. Others hit hard by the recession are doubling up or living in vans or tents. It's affecting the rental market. And so it's a housing market for two Americas - renters hit hard by the recession, living on the brink of eviction, relying on family or the government for help, and homebuyers bidding up prices, some literally headed for the hills, destination Zoom town. Broadcasting from my mom's house in Sonoma, Calif., I'm Greg Rosalsky, NPR News.'"