A report from Surf Santa Monica in California. "It is the second year in a row that Santa Monica's 90402 is ranked as the third-priciest zip in the nation, although the median price was 10 percent below 2019's pricing levels, according to Property Shark. The price drop allowed Beverly Hills’ 90210 to equal Santa Monica’s median, as its median sale price 'contracted at a milder 8 percent,' giving Beverly Hills its highest ranking 'since 2015,' the website found."

The Los Angeles Times in California. "Tony Gonzalez found a deep-pocketed buyer in Beverly Hills, selling his 13,000-square-foot mansion to billionaire investor Wayne Boich for $21.15 million, according to a source not authorized to comment on the deal. Boich got a decent discount on the property. Gonzalez and his wife originally sought $30 million for the mansion last summer and trimmed the price to $28 million a few months later. The star tight end paid $7.1 million for the property in 2016 and quickly tore down the preexisting 1950s traditional-style home, replacing it with a Georgian-inspired showplace."

The Austin Business Journal in Texas. "Dozens of rowdy protestors descended upon the Heman Marion Sweatt Travis County Courthouse on the morning of June 1 in an apparent effort to disrupt the day's slate of scheduled foreclosure sales. A combination of whistles, shouting and chants — examples included 'We want pizza!' and 'Illegal sales!' — drowned out efforts by trustees to conduct nine foreclosure auctions on properties owned by Nate Paul's World Class Holdings, including for the real estate firm's downtown headquarters at 303 W. Ninth St. and its prized Northwest Austin campus once occupied by 3M."

"The scene at one point appeared on the brink of turning violent, as crowds began pushing and shoving around a trustee attempting to conduct a sale. Jeffrey Contreras is an auction team member at Roddy's Foreclosure Listing Service, which tracks foreclosures for real estate firms. Contreras said he was shoved by one of the protestors as things got testy. Roddy's Operations Manager Paul Rana described the chaos as unlike anything he's seen since he began monitoring foreclosure sales in 2008."

"World Class rose to local and national prominence in recent years as CEO Nate Paul employed a long-term buy and hold strategy. Many of the prime properties he has bought have sat vacant for years, and promises to build major projects on some of them failed to materialize. The business has been hobbled since federal authorities raided its offices in August 2019 for reasons that have still not been made public. World Class has filed more than 20 bankruptcies in federal court in Austin since then. An untold amount has been spent on lawsuits and other legal action — with World Class being mostly on the defense."

From Multi-Housing News on New York. "Last week, BHI announced it had provided $60 million in financing to Tishman Realty & Construction to acquire 70 luxury condominium units at 505 W. 43rd St. in Manhattan’s Hell’s Kitchen neighborhood from developer Elad Group. The transaction—the first major bulk condominium sale in New York City since the pandemic—totaled $87.4 million."

The Real Deal on Florida. "Developer Joseph Kavana closed on a $30 million condo inventory loan for the first tower of his $1.5 billion master-planned community in Sunrise, The Real Deal has learned. The mortgage is for the 89 unsold units at the 263-unit One Metropica, which is 66 percent sold. The developer has sold 174 units since launching sales more than six years ago. The 28-story building was completed a year ago. Last year, the buyers of a $605,000 unit at the first tower sued the developer over delays, seeking a refund of their roughly $150,000 deposit. Court records filed in May show that the unit owners were seeking enforcement of the settlement owed to them by the developer."

The Denver Channel in Colorado. "Property manager and owner, Bill Bivens, said his aggravation stems from the Colorado Emergency Rental Assistance Program or ERAP. He says 80 tenants in his 400 unit complex are utilizing that program, but he hasn't been paid since early this year. 'We did everything we were supposed to do and now we’re sitting there in February, March, April, May and now heading into June we haven’t gotten paid on anybody except one tenant out of 80,' Bivens said."

"'They’ve signed a contact to agree to pay these rents and if they’re not getting assistance, I don’t want to evict them, I want to pay the bills and pay my mortgage,' Bivens said."

Business in Vancouver in Canada. "While residential has traditionally been the region’s big driver for land sales, agents say residential speculation is cooling, due to the record-high prices for both land and building materials. Varing Group president Joe Varing said the frantic pace of land assemblies, sales and multi-unit home development in the Fraser Valley is slowing."

"'The days of the turn and burn are ending,' Varing said, referring to the process of acquiring land, getting it rezoned for higher-density residential development and selling it, a process that could take 12 to 36 months. 'There was a fear of missing out.'"

Property Industry Eye in the UK. "Iain McKenzie, CEO of The Guild of Property Professionals, added: 'The frenzy to snap up a property at the tail end of a pandemic is showing no signs of stopping, with double digit growth in house prices throughout May – the highest we have seen in the best part of a decade.'"

"But Lucy Pendleton, head of James Pendleton estate agents, is among those that expects price growth to slow. She said: 'Such fierce appreciation is certainly attention grabbing, but when property hits double-digit growth like this, it’s normally a brief squint at the sun before falling back down to Earth. That will probably happen in July due to the effects of a two-month interruption of house price growth last year.'"

From The Mayo News on Ireland. "They traveled the world, came back home to settle by the sea and raise their family in a thriving, caring community, but now their ‘forever home’ is crumbling around them. Karen and Matt Webb have three children in the local school and, in recent years, built an extension onto their impressive home in Churchfield Manor, Killala."

"Except, it’s no longer an impressive home. Soon it will no longer be the house the kids come home to after football or soccer or school. The Webb homestead is crumbling around them, and today in The Mayo News the young family is asking An Taoiseach Mícheál Martin to give them hope again, to give them a route towards normality and lift the weight of worry and wonder from their shoulders."

"The Webbs are indeed part of the North Mayo Pyrite group, which is demanding 100 percent redress for the affected homes, which are slowly crumbling to dust thanks to imperfect blocks used in their construction. The Government has promised homeowners 90 percent of affected homeowners’ rebuild costs. However, this simply isn’t enough, according to Karen Webb and the thousands of families whose lives have been turned upside down."

"'Can someone tell me what are we supposed to do? We have invested everything in the house and then stretched everything again to put on the extension. Now, the State who allowed this disaster to happen, because they didn’t regulate the people making the blocks, want us to magically find up to €30,000 somewhere to rebuild our house again. Throw in the fact that we will also have to search for non-existent money for 18-months’ rent while the houses are being rebuilt – and of course there’s not a hope of getting a house to rent in Killala or indeed, Ballina. Where are we going to live? Where will the kids go to school? Will we have to move to some other part of the country? Where will we get jobs to pay the rent and two mortgages? Can you possibly imagine the worry, stress and pain this is causing people? We’re out there begging the Government for 100 percent redress when they should be actually caring for us, helping us and not having a five-year-old constantly thinking about a thing called pyrite.'"

From SBS Japanese on Australia. "June 14th will mark two years since the residents of the Mascot Towers were abruptly told to evacuate their apartments due to structural concerns. Engineers became concerned after discovering cracks in the basement of the 10-storey block on Bourke Street just south of the CBD. Yet since then, the unit owners have continued to pay their mortgages, levies and insurances, for a ghost building that cannot be occupied or sold."

"'It is breaking families,' says one Japanese unit owner, who wishes not to be named."

"SBS Japanese understands that the Mascot Towers was more than six years old, and outside of the builder's warranty when the defects began appearing. The developers have gone into liquidation, and although $15 million has so far been used for remediation, the building is now said to be 'financially not viable' 'Something like this has never happened in Australia, so there are no laws to protect us. The strata law make us owners have unlimited responsibility,' says Alex Chan, who bought his unit 10 years ago."

"The owners must now vote to decide on the fate of the tower - collective sales which will still incur a loss of 70-80 per cent of the original price. For the majority, though far from ideal, a collective sale is the only way to end this ongoing nightmare. 'I just want to move on with life and have certainty,' says a young mother whose child was only two months old at the time of evacuation. 'The possibility that all 132 owners will be bankrupt will be real if collective sales don't go ahead,' says an airline worker, who only resumed his job recently due to the pandemic."

"But for others like Benjamin (not his real name), it is 'nothing but a death sentence' and is strongly against the sale. 'I will be half a million dollars in debt, and homeless.' 'With no end to this, I am just throwing my money into a bottomless pit, and is extremely stressful,' says Jamie Lam."