A report from Now Toronto in Canada. "Toronto’s priciest real estate had the steepest declines. The Rosedale and Moore Park area plunged 15.2 per cent from $3,687,292 to $3,127,643. The Bridle Path and Windfields area were not far behind. The…
A report from Market Watch. "For the past several months, wealthy buyers in search of safety and personal space have flocked to vacation and single-family home markets across the country, leaving some new condo developments out in the cold. But…
A report from the Philadelphia Inquirer in Pennsylvania. "Economic uncertainty during the pandemic has led banks to tighten their lending standards. The supply of mortgage credit has fallen by more than 30% from February to June, according to the Mortgage…
A weekend topic starting with Senior Housing News. "Senior housing capital markets remain unstable. Titan SenQuest Management CEO Kevin Kaseff believes that, while the pandemic hastened a bear market, this is actually the beginning of a market correction. 'This [looks…
It's Friday desk clearing time for this blogger. "Hedge funds and mutual funds are among bond holders that could lose $2 billion as a consequence of U.S. lawmakers letting millions of homeowners delay their mortgage payments. At stake are so-called…
A report from Denverite in Colorado. "For the first time in a decade, rents went down in metro Denver. 'For rents to go down is unusual,' said Mark Williams, executive vice president of the Apartment Association of Metro Denver. He…
A report from National Real Estate Investor. "Snowballing distress in commercial real estate loans are threatening to become an avalanche that could overwhelm banks. Getting a glimpse behind the curtain on how bank loans are performing isn’t easy. 'It’s amazing…
A report from the Georgia Straight in Canada. "A buyer is paying over $1,757 per square foot for a condo unit in Vancouver’s Olympic Village. That translates to $7.7 million for the 4,381-square-foot property. Based on the listing history recorded…
A report from the Review Journal in Nevada. "Las Vegas mortgage delinquencies rose sharply after the coronavirus pandemic devastated the economy. Payments were at least 30 days late on 8.5 percent of Southern Nevada home loans in April, up more…
A report from Variety on California. "The Los Angeles historic cultural monument known as the Samuel-Navarro house has a notable new owner to chalk into its colorful history. Nearly four years after screenwriter Dale Launer first put the idiosyncratic Art…