A report from Bisnow on Florida. "Ed Easton started his industrial real estate company, The Easton Group, in 1974. He now controls about 5M SF of space. Nearly 1,000 people per day move to Florida. 'Historically, each person needs 74 SF of warehouses when they come here. So you just multiply the number of people coming here times 74 SF and that's kind of the demand side,' Easton said. 'The land prices can't fall under these circumstances.'"

The Herald Tribune in Florida. "With a plethora of property and housing developments to choose from, enticing customers for a sales-pitch during Florida’s free-wheeling real estate boom of the 1920s was a far cry from today. The renowned orator, William Jennings Bryan said of Miami, 'Miami is the only city in the world where you can tell a lie at breakfast that will come true by evening.'"

"Addison Mizner designed Boca Raton to be the most exclusive resort in Florida. He let it be known that 'Exaggeration is unessential. The future of Boca Raton is far too opulent to require coloring.' Mizner and his brother, Wilson were as colorful as they came. After the real estate crash, Wilson was sued by a gentleman who told the court that he was promised that he could grow nuts on his property. 'Not so,' shot back Wilson, 'I said you could GO nuts on that property.'"

From Maryland Matters. "Despite an executive order allowing Maryland homeowners to request forbearance on their mortgage payments due to the financial stress brought on by the pandemic, advocates say some homes are still being sold at foreclosure. Scott Webber, a Montgomery County resident embroiled in a foreclosure battle of his own, said some homes are still going to auction despite Hogan's orders. His own home was scheduled to be sold in a foreclosure auction on Tuesday, although that sale was canceled at the eleventh hour."

"He said borrowers should contact their lenders and loan services as soon as possible to ask for a forbearance if they've taken a financial hit due to the coronavirus pandemic. 'It can't wait,' Webber said. 'This housing crisis is not only forthcoming, it's here now.'"

The Center Square. "Washington state landlords and tenants are demanding financial relief as more property owners challenge Gov. Jay Inslee's authority ahead of his eviction moratorium's expiration by the end of the month. A lawsuit filed in Lewis County Superior Court on Tuesday by the Washington Business Properties Association takes its arguments a step farther than prior legal challenges against the governor. It claims landlords are entitled to injunctive relief from the moratorium as well as financial compensation from the state."

"Robert, a Washington landlord who rents out a housing complex in SeaTac, says six of his tenants owe him more than $65,000 in back rent combined, two of whom were in the process of eviction before the moratorium began. Robert insists many of his tenants have the means to pay and says he has not paid his own electric bills since around April."

"'They give you the same old stories, the whole ‘Somebody is working, somebody will call you,’ this and that,' Robert said. 'Eventually they start shutting doors and just don't want to face me. It's just like nobody listens to no small landlords like us. We also have bills to pay.'"

From Patch New York. "A stretch of the Upper East Side saw the most drops in home prices last month of any neighborhood in New York City, according to a new report. According RealtyHop, 171 homes saw their listed prices drop in November within the area bounded by 59th and 96th streets to the north and south, and Fifth and Third Avenues to the west and east. That's the most total price drops of any neighborhood in the city — closely followed by the Turtle Bay-Midtown East area, with 159 drops, and Lenox Hill-Roosevelt Island, with 133."

"The home with the single highest price drop in November was also on the Upper East Side. A 13th-floor apartment at 1040 5th Ave., just north of the Metropolitan Museum of Art, had its listing price reduced by a whopping $7.4 million last month, according to RealtyHop. While the Upper East Side saw the most price drops, it didn't have the steepest. That honor belongs to Brownsville, Brooklyn, where home prices dropped by a median of 8.4 percent, or about $101,000."

"The highest median price drops by dollar amount, meanwhile, were in the SoHo-TriBeCa-Civic Center-Little Italy area, where home prices declined by a median of $222,500. In second place was the Upper East Side-Carnegie Hill area, which saw a median $120,000 decline."

From The Eastsider in California. "Here are some examples, followed by a breakdown by neighborhood, of recent price cuts on homes, condos, apartments and other Eastside properties. Echo Park 2-bedroom: $20,000 slice on remodeled 1898 home with air conditioning, security alarm, hot tub, and separate entrance to guest room with separate bathroom. Now asking $849,500."

"Highland Park duplex: $30,000 reduction on 4-bedroom home in Historic Preservation Zone converted into 2 apartments with backyard. Now asking $898,000. Atwater Village Traditional: $114,000 chop on fully upgraded 4-bedroom home with 4-bathrooms, expansive floor plan offering natural lighting. Now asking $1,085,000."

The Los Angeles Times in California. "Two years and six price cuts later, Grammy-nominated singer Michael Feinstein has finally sold his Los Feliz home. The dramatic Tudor Revival-style spot just traded hands for $7.33 million — a big drop from his original ambitious price tag of $26 million. Feinstein put the property on the market in 2018 a few months after moving east. Feinstein bought the place for about $2.5 million in 1998, records show."

The Ukiah Daily Journal in California. "We are seeing more of a return to a seasonal market in Wine Country with sales falling on a month over month basis. They still remain relatively high to a year ago. Inventory is starting to more closely mirror inventory from a year ago. I was introduced to a new statistic for watching the direction and strength of real estate markets. I call it the 'Price Reduction Ratio.' Across the country, one might expect that 30 to 35 percent of the homes put into the MLS to sell will have a price reduction before they eventually sell."

"For October 2020, of all closed homes in Sonoma County, 25 percent had price reductions before selling. In Napa, the ratio was 27 percent and in Mendocino County it was 22 percent."

From Burnaby Now in Canada. "Nothing says desperation more than dropping your price. That’s when buyers smell blood in the water. Price drops for a buyer are always a real delight and what more for Burnaby’s fast and highly sought-after real estate marketing! Roomvu has placed together the top-six price drop listings for the entire month of November, so read on and who knows you might even be interested in getting in on a piece of the action."

"8245 19TH AVENUE: $1,149,000. This is a 4 bedrooms, 2 bathroom House listed for $1,149,000. This property was previously listed for 1,298,000 and then was re-listed for 1,149,000 which is a price drop of about 11.47%."

The Australian Financial Review. "Rich Lister Harry Triguboff’s Meriton Properties has absorbed a significant slump in after-tax profit, after disruption from the pandemic ate into revenue and a large write-down was booked on the value of land handed over in development projects to local councils. While the sharp fall looks startling at first blush, most of it is due to the accounting treatment of Meriton’s inventory. Inventory revaluations turned negative and were booked as a $248.8 million loss, compared to a $66.5 million gain a year earlier."

"The bulk of that devaluation in turn flowed from the value Meriton ascribes to elements of its large suburban projects – including at Parramatta, Pagewood and Lidcombe in Sydney – which it hands over to local authorities as public space or roads."