A report from the Real Deal on Florida. "The co-managing partner of a private equity firm sold his oceanfront condo in The Four Seasons Residences at the Surf Club at a loss, for $12.4 million. Property records show Thompson Dean purchased the condo from the developer in 2017, the same year the building was completed, for $15.9 million. The property hit the market six months after he purchased it, in June 2018, with an asking price of $21.5 million. After multiple price chops, it was most recently listed for $14.5 million in March."

From OK Magazine. "Singer Kelly Clarkson is saying goodbye to the $10 million home she bought in Encino, Calif., amid her ongoing divorce battle. The hitmaker will evidently take a price cut if the house sells for her asking price — a cool $9 million. The American Idol winner first listed the beautiful mansion back in May 2020 for the original price she bought it for — $10 million — but it seemed as if she hadn’t attracted any buyers since then."

From KCRW in California. "Ari Chazanas is president of Lotus West Properties in Brentwood and manages more than 500 units mostly in West LA. Due to the pandemic, he’s seen higher vacancy rates, and has dropped his rent 15-20%. He doesn’t see SB-91 as a win for landlords. 'It's better than nothing. But ultimately, I don't know if it's right for us to take a 20% discount. At times, I wonder why we’re the backstop for the city,' he says. 'I don’t know if I want to take a 20% discount for [a] tenant that hasn't paid rent for, let's say, 18 months. It really adds up.'"

"Chazanas says he doesn’t want to evict tenants, and he’s willing to make a deal with renters without government intervention. 'We're not in the business of having vacant units. And especially now with all the vacancies that we currently have, we would like to just be able to work out some sort of plan with each tenant on a case by case basis … and hopefully come to some sort of solution that doesn't involve the City of Los Angeles or the state telling us what we can and cannot do,' he says."

The Tahoe Daily Tribune. "Nobody likes to talk about the shadow inventory, but that is a big component of the nationwide real estate mess. Banks can’t just put every mortgage in forbearance in perpetuity and eventually the they will come knocking at the door for their owed monies. Should banks begin to foreclose of borrows who have been in forbearance for almost a year, they can’t put properties on the market as soon as they take possession because they risk creating too much inventory for sale and depressing prices and causing fear in the market place."

"They will need to carefully limit the release of the properties in their inventory. It is likely that the shadow inventory in Nevada will continue to increase as the government continues with eviction moratoriums and a halt on foreclosures. In Incline Village and Crystal Bay, the shadow inventory consists primarily of properties that sellers have pulled off the market when they did not sell for a year or two and put them into the rental pool or it is an owner looking to trade up or trade down but has limited opportunity to do so in today’s marketplace."

"This additional rental inventory has helped to depress long-term lease rates in our community by approximately 25% during the past two years."

From Spectrum 1 New York. "It's been nearly two years since Hudson Yards opened with much fanfare — a massive development of condos, office space and upscale retailers on a huge platform built over a tangle of railroad tracks on Manhattan's far west side. But many shoppers have vanished and stores have closed because of the pandemic, raising questions about the development's future."

"Real estate statistician Jonathan Miller's data shows about one-third of the condominiums in 15 Hudson Yards are unsold and three-fourths of the condos in 35 Hudson Yards are unsold. 'They have their work cut out for them,' he said, explaining that the market started softening years before the pandemic, which only made matters worse."

The Calgary Herald in Canada. "Choices abound for Calgarians seeking to rent a new apartment as the market saw two new launches in the final three months of 2020, a new report reveals. But at 84 per cent city-wide, occupancy is far below what it was in the third quarter of 2019 at 93 per cent. Renters have a lot of choice in the new market, the report noted. Average rent also fell to $1.91 per square foot in the fourth quarter from $1.97 in the third quarter. By comparison, rents per square foot were at $2.05 at the start of last year."

"Competition for renters remains strong with many new projects offering incentives like two months free rent, $500 off the first month of rent and a $500 Amazon gift card. Additionally, many new projects offer a variety of amenities typically not seen with older rental stock."

From ABC Money on the UK. "According to Rightmove and Zoopla, Clapham ranked number three in the list of areas with the highest demand in London for properties over £2 million. There has been a massive price reduction in the costs of real estate in Clapham in the last ten years. Clapham homeowners face a dilemma; either reduce their asking price by a significant amount or risk not selling their properties for a long time. First-time buyers and potential new homeowners make the most of this fall in prices by rushing to invest in property in this posh district."

"Clapham has become a trendy area among young professionals and first-time buyers due to the fall in average prices of real estate. These new homeowners can now buy spacious homes that they can call their own without paying exorbitant prices for the same. If you’re interested in owning property in Clapham, you should make the most of this reduction in real estate prices before it is too late."

The Irish Independent. One-bedroom apartments have become a no-go for Dublin Dockland dwellers with renters avoiding them in their droves during the work from home rules. The exodus of workers from the high-rent hub during the pandemic led to a fall in residential rents that could continue during 2021 as uncertainty continues over reopening dates for large employers. Average rents dropped 13pc since last March as workers were sent home, with high-end apartments falling further, but the fall was greatest for one-bedroom apartments."

"Owen Reilly, an estate agent specialising in the area, said couples were shunning smaller apartments as there was no space for them to work. Mr Reilly said that landlords would have to be aware that the market was more competitive and consider inducements to attract tenants."

The Sydney Morning Herald in Australia. "A record price gap has opened between Sydney’s detached houses and units during the last three months of 2020. The median price of a Sydney unit remains $20,000 lower than before the onset of the coronavirus pandemic last March and 7.5 per cent below the median unit value in mid-2017 when property prices last peaked. Domain’s senior research analyst, Dr Nicola Powell, said unit prices could be under further pressure this year."

"Dr Powell said weak population growth due to international border closures meant there was a risk of further distressed selling by investors in segments of the home unit market that rely on rental demand from new migrants and international students. 'There is only so long some investors will be able to keep their investment going if they are unable to get a tenant,' she said."

The South China Morning Post. "China Evergrande Group saw a weak response from homebuyers to its third round of sales at its Emerald Bay Phase 2 project on Sunday, failing to replicate the upbeat sales recorded by competing developers over the weekend. The developer sold 30 of the 253 units on offer in the Tuen Mun project in the New Territories, according to property agencies."

"Oversupply in the district and general caution amid the worsening Covid-19 pandemic may have affected the take-up rate, some agencies said. Since the second phase of the Emerald Bay was launched last year, the Guangdong-based developer sold only one-third of the units at the first round in March, and another 18 in the second round a month later, based on previous reports."

"'This is an old project that was put onto the market a while ago, so there’s not much fresh interest in it,' said Sammy Po Siu-ming, chief executive of the residential division at Midland Realty. 'A new project nearby will be launched soon, so that is also keeping some buyers away.'"

"There may be bigger reasons at play too. Investors may be concerned about the financial health of China Evergrande, the world’s most indebted developer and once a standard bearer of China’s private companies that were seen as too big to fail. It also underscores selective investment in the world’s most expensive real-estate market as Hongkongers are presented with many choices in recent months as home prices slipped amid an economic slump."