A report from CBC News. "While he did not describe what kind of actions he would take to stimulate jobs without overstimulating housing, Bank of Canada Governor Tiff Macklem said the bank would keep a close eye on the housing…
A report from Reuters. "Investors fueling an initial public offering bonanza are snubbing many U.S. mortgage providers’ stock market debuts over concerns that the sector might have reached its peak. 'Investors don’t like buying into a company at the start…
A report from the New York Post. "The best deals are to be found in Northwest Queens, where rent prices are down 17%, matching discounts in Manhattan — but in Queens, apartments were cheaper to begin with. Landlords are offering…
A report from the Tribeca Tribune in New York. "The Downtown Alliance has put numbers to what we see around us: the pandemic’s heavy commercial toll on Lower Manhattan. The Alliance provides data behind a year of reversals to Downtown…
A report from the Real Deal on Florida. "John Rosatt sold his waterfront mansion in Fort Lauderdale’s Las Olas Isles for $7 million, nearly five years after putting it on the market. He bought the home in 2015 for $12…
A report from Bloomberg. "The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday. 'Business leverage now stands near historical highs,' the central bank said in…
It's Friday desk clearing time for this blogger. "Four years ago, Alexandra West bought a house in Sacramento, California, for just under $300,000. She agreed to a five-month lease, starting at the end of January 2020. 'She owes well north…
A report from Real Estate Weekly. "Ninety percent of workers from New York’s financial heart are still operating from home. Nearly half of Lower Manhattan’s population has left, and three hotels and over 160 retail business have closed for good,…
A report from KHON. "An anonymous landlord in Hawaii that spoke with KHON2 says that his tenants have not lost employment since the pandemic started, but have avoided paying $25,000 in rent and utilities while leaning on the eviction moratorium…
A report from the Wall Street Journal on New York. "Manhattan’s pulverized condominium market is opening the door for investors willing to buy individual apartments wholesale. Developers under financial strain are the most likely to entertain bulk deals, but in…