A report from USA Today. "Talk of a housing bubble is now common among analysts. Agent Stacie Lee says whenever something goes on the market in Phoenix, the showings are usually back-to-back and closing comes within a matter of days. Lee added that she had 70 people show up for an open house over the summer and had 15 offers in the first couple of hours. The home sold for $375,000 and is now back on the market at $550,000. 'There’s a lot of investors flipping homes here,' she said."

The New Haven Independent in Connecticut. "Landlord Galina Zalman said she made a total of $2,552 in 2020 — sending her to a food pantry as she struggles to keep three local rental properties afloat. 'We only use food banks, because no money,' she said."

From Crosscut in Washington. "For every month since evictions were banned in Washington last March, tenants in the state accrued somewhere around $100 million in owed rent. By that estimate renters here could now be over $1 billion in debt, a sum that grows each week. Brogan Thomsen, a small landlord with just six units in Seattle, said he’s become frustrated with the state — not because he doesn’t sympathize with renters, but because he feels it’s become the burden of housing providers to solve the larger crisis."

"'Why is it the owners who seem to get the bulk of the burden of trying to solve this with my money, my time and my headache?' he said."

From Patch New York. "Tenants who moved to Park Slope last month likely paid hundreds of dollars less than they would have in January 2020. 'Compared to this time last year, rental prices are down across-the-board with studio, one-bedroom, and two-bedroom prices being down by 16.02%, 15.31%, and 15.53%, respectively,' the researchers wrote. 'Overall, average rental pricing in Brooklyn is down 15.59% from this time last year.'"

"The biggest price drop was in Brooklyn's most expensive neighborhood, Dumbo, where studios deceased by more than 13 percent."

From Bisnow. "Before the coronavirus pandemic, new apartment projects had been trending toward smaller units. But now those neighborhood amenities have been closed or limited for nearly a full year, and between working from home and staying in at night, renters have spent much more time in their apartments than they did before the pandemic. 'Micro-units was the buzzword. It's never going to happen again,' Morgan Properties principal Jason Morgan said."

"Class-A Apartment absorption in D.C. last year was down 75% from 2019, and the city's vacancy rate rose from 4.9% to 10.3% over the course of 2020, according to Delta Associates. Rents for Class-A apartments across the D.C. Metro area fell by 10.2% last year, the largest decline Delta Associates has recorded since it began tracking the market in the 1980s."

"Projects that delivered during the pandemic didn't have the luxury of changing their unit sizes. 'Once you make your floor plan mix, it's very difficult to make any changes. It's extremely costly — virtually impossible,' J.P. Morgan Asset Management Managing Director Allina Boohoff said. 'There have been plenty of situations where you make the decision that at the point in time, [the market] is short on studios, but by the time you deliver, everybody else delivered studios, and you can't lease them.'"

The Review Journal in Nevada. "A penthouse that takes up the entire 45th floor at The Martin is on the market for $18 million and would mark a record in Las Vegas if sold in that price range. The listing comes as sales in 2020 in the Las Vegas high-rise condominium market fell 17 percent from 2019 and prices dropped double-digit percentages as that segment compared with single-family homes took a hit from the pandemic, according to research firm Applied Analysis."

"Listing agent Michael McGraw said the owner, who has homes in other countries, bought it as a gray shell, and it took two years to build the penthouse out. The owner bought it for $4.25 million in 2016 and spent about $12 million to $13 million to improve it."

"In January, Real Estate Millions reported luxury condo sales of $1 million and higher were down 20.6 percent for 2020. A report by Applied Analysis that looks at the entire high-rise market at all price points reveals that there were 505 sales in the valley’s 21 condo towers in 2020. That is down from 607 sales in 2019 and down nearly 40 percent from 836 sales in 2018."

"'The high-rise condo market in 2020 has clearly been impacted by the COVID-19 health crisis and related response, including the shutdown of hotel-casino properties along with amenities housed within those buildings,' Applied Analysis principal Brian Gordon said. 'With a number of these high-rise projects located or around the Las Vegas Strip corridor as well as downtown, the demand weakened as a result of the health crisis.'"

"MGM Signature and Turnberry Place took the biggest hits in condo sales in 2020 as 15 properties recorded declines. MGM Signature, which is a condo-hotel where owners can put their properties into the MGM Grand rental pool, had 47 sales in 2020, down more than one-third from 72 sales in 2019. The average sales price also took a big dip, nearly 19 percent, dropping from $329,095 in 2019 to $268,125 in 2020, Applied Analysis reported."

"'I would attribute MGM Signature to travel numbers,' said Frank Napoli, a Realtor with Berkshire Hathaway HomeServices. 'The return of investment on those is not looking as good because travel is down as are the room rates. In addition, one thing I attribute to condo-hotel values is the lack of financing available for products like that. They are mostly limited to cash buyers, which reduces the amount of available buyers for that. It’s always been a challenge for condo hotels.'"

"Palms Place condo-hotel was the most prominent property to show a gain in sales, but no property showed a steeper decline in prices. It had 50 sales in 2020, which is six more than 2019. The average price was $278,750 or $359 per square foot, down sharply from $618,251, or $646 per square foot. That price drop comes as the Palms Las Vegas casino has been closed since March, when the pandemic shut down the industry. There is no date for its reopening."

From The Eastsider LA in California. "A recent report by the California Assn. of Realtors found that 21% of listings had a reduced price. The highest priced Eastside home sale within about the past week was a 3-bedroom Franklin Hills contemporary that sold for $2,200,000 ($198,000 under asking); the lowest was a 2-bedroom Historic-Filipinotown condo that went for $460,000 ($37,888 under asking)."

"Here are some examples, followed by a breakdown by neighborhood, of recent price cuts on homes, condos, apartments and other Eastside properties. Silver Lake condo: $10,000 slice on a 2-bedroom unit in gated complex with 2 bathrooms, fireplace, kitchen appliances and balcony. Now asking $759,000."

"Echo Park one-bedroom: $30,000 reduction on a Lilac Terraces unit with floor to ceiling windows, updated bathroom, new flooring, and in-unit laundry. Located near shops, restaurants, hikes, trails and Dodger Stadium. Now asking $399,000."

"Los Feliz Spanish: $200,000 chop on a 2-bedroom home in need of TLC. Includes fireplace in living room, long private driveway, and backyard. Now asking $990,000."