A report from the New York Post. "Looks like former MMA champion Ben Askren isn’t the only thing Jake Paul is knocking out. The multimillion-dollar California mansion that the controversial YouTube star bought in 2017 has been sold for $6.15 million. The Calabasas property sold for $775,000 less than what he paid for it in 2017. Factor in taxes, hefty real-estate-agent fees, renovations and four years of upkeep, and the total loss amount likely swells deep into seven-figure territory."

From KGW 8 in Oregon. "Real estate experts say waiting for prices to come down is not likely to benefit potential home buyers. They suggest adjusting expectations, by searching for homes under budget and further away from city centers. Another option is to downsize in favor of a townhouse or condominium. 'The downtown Portland condo market is the one place where it is actually a buyer's market right now,' said Shannon Janssen, a realtor with Coldwell-Banker BAIN in Portland."

The Associated Press on Massachusetts. "Housing prices in the Boston-area have reached record levels. Condominium prices, by contrast, dipped slightly to $617,500, while condo listings increased by 30%, the Globe reports. The newspaper says there's evidence the housing marking is starting to open up, as the number of newly listed single-family homes rose 8% and new condo listings jumped 48% in March."

The Democrat and Chronicle in New York. "If you want to hear horror stories, you can find them all over social media. One example from Rochester. 'My parents are in a money pit situation because they waived the inspection. A few months after moving in my dad went right through the kitchen floor due to rot. Owners had put down new laminate over the rotted floor to hide it. They got lucky no one fell through during the viewing. That was just the beginning. Porch is falling apart, HVAC is ancient, roof is leaky. It's their own fault, but I would never waive an inspection.'"

"And this: 'An agent (not ours) recommended that we empty out our 401k’s and wave (sic) all contingencies in order to make a cash offer on a house. We refuse to over-leverage ourselves, get deep under an overpriced home and risk our retirement for a pile of wood. We will not yield on inspection requirement no matter what, and you shouldn’t either if that’s important to you!'"

From Better Dwelling in Canada. "Canadian Real Estate Association (CREA) data shows new listings grew faster than sales in March. A massive amount of sales are actually being met with even more inventory these days. Record sales are due to pent-up and pulled-forward demand, but inventory isn’t. This leads to the possibility that inventory could run longer than sales."

"New listings for Canadian real estate were some of the highest on record last month. Seasonally adjusted there were 86,212 new listings in March, up 7.45% from a month before. Unadjusted new listings reached 105,001, up 50.72% compared to the same month last year. This is an exceptional amount of inventory coming to market all at once. The number of new listings hitting the market was some of the highest ever seen. Seasonally adjusted new listings were a record high, as was the month-over-month growth."

From My London on the UK. "Empty luxury apartments in the Olympic Park's East Village are being let out through holiday rental websites and the flats are being used as 'party pads' with loud gatherings lasting until 5am. Residents of the East Village's new luxury development, Victory Plaza, have reported feeling less secure in their homes and a sense of betrayal that flats are being let as holiday homes without their prior knowledge or consent."

"Guy Baker, a resident of Victory Plaza's luxury high rise Laurel Point, told MyLondon: 'We've been here a year and a half, and early on we realised that we didn't have any neighbours. Residents believe Get Living is listing empty apartments as holiday rentals due to the company being unable to find tenants for the apartments. After doing some research on the short term lets in an attempt to lobby Get Living to stop the scheme, Guy discovered it is charging guests less than tenants."

"He pays £2,100 per month for his apartment and some of Get Living's Airbnb properties, listed under the username Olympic Village, are priced at just £63 per night. He said: 'When you take into account that they've got to pay the bills, got to pay for cleaning, they're actually charging these people renting for short stays less per night than they charge long term tenants. It seems to me, and to others, that they're struggling to let these apartments and they're looking for another income stream."

The Daily Maverick. "Residential property landlords in South Africa are in a real bind. The days of passing annual inflation-beating rental increases of between 6%-10% are long gone as the financial situation of tenants/consumers has deteriorated during the Covid-19 pandemic. Landlords are increasingly forced to compromise: either pass on rental increases and risk losing good paying tenants or drop rental prices and hang on to tenants (even though monthly utility costs are rising by double digits)."

"The number of buy-to-let properties that remain empty rose sharply from 7.47% in the first quarter of 2020 to 12.91% by the final quarter of 2020, according to TPN. Vacancies are more apparent in the affordable rental market (rental of less than R3,000 a month), where TPN’s vacancy figure is 16%. Meanwhile, in a rental category that is considered a 'sweet spot' for buy-to-let investors — the R7,000 to R12,000 a month — vacancies are just above 10%."

"The vacancies could worsen due to record low interest rates. Marcél du Toit, CEO of Leadhome, said low interest rates are pushing more investors to purchase buy-to-let properties. 'This means there will be more supply of properties in the market while demand from tenants might remain muted,' he said."

From Free Malaysia Today. "In 2013, several Singaporeans were shuttled to a development project in Johor Bahru. They were given five-star treatment, a prelude to their five-star living once the project was completed. Because prices were a fraction of what they would have to pay in Singapore, John (not his real name) bought the RM1.6 million high-rise project. When he received his keys in 2017, his condominium had become a serviced apartment."

"'The developer said all 44 blocks are now located on commercial land,' he said in a phone interview. There were various issues regarding the unit. He had contracted to buy a unit with a covered balcony. But when he received his keys, he found that there was no covered balcony but only open sky, because the developer had removed one level of car park. That purchase had become John’s Achilles heel, and he was embroiled in a long legal tussle."

"Today, Johor has the largest stock of unsold completed residential and serviced apartment units in the country. Known as overhang, the National Property Information Centre (Napic) said Johor has 7,030 unsold completed housing comprising both landed and condominiums, and a staggering 16,442 units of serviced apartments worth a total RM5.48 billion and RM14.97 billion, respectively. Combined, it is RM20.45 billion, or half of the country’s total overhang value of RM40.80 billion."

"Over the past decade, Malaysia has overbuilt virtually all segments of the property market, from housing to malls, office space and industrial units. Because serviced apartments are built on commercial land, they are categorised as commercial property. What is mind-boggling is the fact that serviced apartments, a relatively new type of commercial development, only entered the property scene in 2011/2012."

"This was at the height of the property cycle which popped in 2014 when the Developers’ Interest Bearing Schemes (DIBs) were banned by the government in order to weed out speculation. As for John, the other Singaporeans and Chinese nationals who bought into that development, the travel ban as a result of the Covid-19 pandemic and the flood of serviced apartments in Johor sitting vacant may be something they never signed up for."

"'Most of the units are not occupied. Most of the buyers are Singaporeans and Chinese nationals. The last time, I went there about a year ago, about 20% of my block was occupied,' John said."

From ABC News in Australia. "Despite house prices rising at their fastest pace in 32 years, apartments in Australia's most oversupplied cities aren't getting as much love from buyers. In some areas, unit prices have tumbled in the past year and still haven't recovered from their COVID-19 slump — with Sydney and Melbourne the worst hit capitals."

"Buyer's agent Catherine Cashmore says the main problem with apartments, particularly in her home city (Melbourne) is simply oversupply. There are 'too many apartments' and 'not enough people renting them' — which has led to lower rents and waning interest from investors, she said. 'Apartments are not a good investment if you’re searching for capital growth. The newer ones, especially, see their prices go backwards — before you see any appreciation at all.'"