A report from 9 News in Colorado. "In many of the nation’s top housing markets, including Colorado, roughly one in five houses sold is now bought by someone who never moves in. 'The fear is that the larger, corporate investors are buying up huge quantities of homes and taking them off the market and out of the inventory of homes for sale, which exacerbates the severe housing shortage that many cities have,' Denver Gazette real estate reporter Rich Laden tells me. 'They also pay cash and sometimes will pay way, way beyond a home's market value.'"

From KSNV in Nevada. "Like many other real estate markets around the U.S., realtors in Las Vegas see a new element in play among many home buyers and sellers, 'FOMO.' 'It’s ‘fear of missing out,' said realtor Pam Junge, Chief Adventure Officer at The Junge Group in Las Vegas. According to Junge, FOMO is occurring in the current housing market when emotions begin driving big financial decisions."

"For sellers, 'they can still get a little too greedy and when they overpriced properties to the degree that it's just beyond sensical anymore,' Junge said. 'Those properties could still sit on the market and get stigmatized.'"

"Her advice for buyers, go in strong with your mortgage money to cover the appraised value of the property, and have additional cash on hand to cover the difference between market value, which is the actual amount you’ll pay for the house."

'That’s hard for a lot of buyers to wrap their head around. The fact that, well, if it only appraises for this much, why would I pay this much?' said Junge. 'Well, you’re gonna have to pay this much if you want to be a homeowner, because there are a lot of other buyers out there with FOMO that you know are willing to throw an extra $25,000 on it so they know that they have a home to go home to at the end of the night.'"

From WRIC in Virginia. "Chesterfield County was the only locality in the region that saw a decrease in lot closings from the first quarter of 2020 to the first quarter of 2021. From April to May 2021, Home Building Association of Richmond CEO Danna Markland said that the county saw a 15% increase in the rate of cancellations. These were individuals who signed a contract for new a home several months ago and can no longer afford the home they intended to move into this summer. 'We have reached a point where buyers are saying, ‘I can no longer afford this,' she said."

From KOIN in Oregon. "The Portland area remains a competitive housing market as prices continue to soar. Meme Loggins, a real estate agent with Redfin, noticed homes staying on the market longer than a week and that’s unusual given the last six months. Around Memorial Day weekend, Loggins said some things started to slow down like open houses. 'Right now, we are kind of in a funky spot where we thought things would be blossoming into the summer season yet that’s not happening so much this year,' Loggins said. 'Now it seems a little more logical, a little bit better decisions being made. Maybe don’t go $150,000 over, maybe still to the $60-80,000 over and unfortunately that seems logical right now.'"

The Jacksonville Business Journal in Florida. "After a rapid depletion of the First Coast's single-family housing inventory, the region has begun to stabilize during the previous three months, according to new data looking at the first half of the year. The number of residential building permits issued in May is keeping pace with the record-high number of permits filed this year, signaling the housing boom is still well underway. Since the end of March, the First Coast's weekly average of available homes on the market has remained at about 3,200 residences."

"The number of single-family residential building permits filed in May totaled 1,376 for Clay, Duval, Nassau and St. Johns counties, up nearly 75% since the May 2020 numbers, according to the latest data from the Northeast Florida Builders Association. The number was slightly lower in May than in April, a difference of about 30 permits — but May's numbers were higher than any other month this year and beat all other May's since the record was set in 2005."

"Through the first five months of the year, the four counties that NEFBA tracks have issued 6,546 building permits. Compared to the first five months of 2020, this year has experienced an increase of more than 50%."

The Commercial Observer on California. "Angelo Gordon and Townscape Partners have sealed a $231 million condo inventory loan for 8899 Beverly, an ultra-luxury project on Los Angeles’ Westside, Commercial Observer can first report. Tower Residences is now in the final stages of construction, and expected to be delivered in August. When completed, it will be the tallest residential building in the area, and offer residents unobstructed, panoramic views of Beverly Hills, the Hollywood Hills, the San Gabriel Mountains and Century City. Also approaching completion, Rosewood Houses will be delivered by December."

From KGTV in California. "Commercial real estate analyst Gary London said the local market is off 20 percent from pre-pandemic levels. 'The commercial markets are all distressed,' he said. 'There's tons of availability for retail, for restaurants, for office space, and the that's not going to cure itself instantly.'"

The Los Angeles Times in California. "Some regulations that have protected California renters from eviction during the pandemic are nearing expiration. The Lowery family in Antioch is one among many fretting over June 30. Jackie Lowery, who is retired due to health issues, lives with family members who were all laid off during the pandemic. None have been able to find work that will cover all the household bills, Lowery said. For now, unemployment checks have covered 25% of their rent."

"Though property owners couldn’t specifically evict her over the 75% of rent she owes, in Antioch she can be forced to move if an owner wants to move in. 'They are so deep in the hole,' she said of landlords across the state, including hers. 'They might say, ‘Hey, I just have to sell the property and get my money.'"

From Newsday. "As New York crawls back to normalcy after a 15-month pandemic lockdown, many are still hurting from its economic impact — including tenants who have lost jobs and landlords who depend on them for their rental income. Meanwhile, struggling landlords must deal with the increased financial pressure. Even before the pandemic, laws in New York have been trending away from landlords and in favor of tenants, notes Jim Clark, an attorney with Blodnick, Fazio & Clark of Babylon and Garden City."

"'With landlords unable to enforce their leases for over a year-and-a-half, many landlords are throwing in the towel and just want to sell,' Clark says. If a landlord doesn’t have enough assets to pay their debts, another option is declaring bankruptcy, Clark says. 'However, if the landlord has a big mortgage on the rental property, then they may not because the mortgage holder is a secured creditor,' Clark says. 'If the property makes enough money to pay the mortgage but not much else, then the mortgage holder can allow the landlord to keep it to satisfy the secured debt obligation.'"

"Another route some landlords are taking is to stop paying their mortgages. 'This option results in the landlord’s credit being ruined and the landlord losing the house to foreclosure in the end, but for landlords who have an immediate cash flow need and are likely to lose the house anyway, this is an option,' Clark says."

From New York Magazine. "You recently wrote (for the Times) about people who were able to find good deals in Manhattan as it became temporarily cheaper during the pandemic. Is there a chance that superdense locations like that (of which there aren’t many in the U.S.) could remain in a strange place, housing-market-wise, for a while? Curbed real-estate reporter Kim Velsey: 'Yes, I think that in places like Manhattan, there will continue to be a window of affordability (which is still not that affordable, just comparatively), in the residential and retail markets. There’s a glut of inventory that needs to get rented out before landlords can start demanding the kind of prices they’d like to.'"

From Toronto Storeys in Canada. "After months of fierce competition and a flurry of activity, Toronto’s once feverish real estate market is finally starting to show signs of slowing down. Offer fatigue, buyer frustration, and a lessening of urgency to purchase amid the pandemic have taken hold. As such, Toronto home sales dropped for the second straight month in May, as both buyers and sellers appeared to pull back from the frenzied pace that has made the housing market among the hottest in the country over the past 12 months."

"John Pasalis, President at Realosophy Realty, has described the current state of Toronto’s housing market as 'very slow and sluggish' considering it holds just one month of inventory. Dorian Rodrigues, also a broker for PSR, said while homes are still selling, he’s seeing fewer offers than what he was seeing during the market’s peak. 'The market is still strong, but there is an adjustment with the strategy behind pricing the homes, as opposed to just holding back offers for a bidding war. I believe this will be carried out throughout the summer until the fall, where we typically see an increase in demand and activity,' explained Rodrigues."