Here You See A Cliff
Two reports from the Wall Street Journal. "The pandemic has raised important questions about the future of New York City. Clues to the answers—or a way to bet on them—can be found daily in the price moves of four real-estate…
The Normal Waterfall Of Events
A report from the Record Eagle in Michigan. "Linda Witulski fell in love with Elk Rapids about 15 years ago on a vacation. She bought a home in the Lake Michigan shoreline village and turned it into a short-term rental…
Mass Foreclosures And Permanent Job Losses Will Snowball Into A Larger Crisis
A weekend topic starting with Market Watch. "Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $4.6 trillion commercial real estate…
Some Will Just Exit The Market, While Others Will Go Bust
It's Friday desk clearing time for this blogger. "Not being able to pay rent is a big stressor as thousands of Washingtonians remain unemployed. It’s causing stress not only for tenants but also for small mom and pop landlords. 'My…
Vacant Units Have No Value
A report from the New York Times. "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The median sales price fell 17.7 percent, compared…
Some People Are Just Not Going To Get Mortgages
A report from the Wall Street Journal. "The new coronavirus epidemic in New York obliterated the spring selling season, according to a Wall Street Journal analysis. Apartment sales were down 54% in the second quarter compared with the same quarter…
The Rapidly Expanding Volume Of Troubled Debt
A report from CBS 12 in Florida. "Florida is ranked fifth in the country for mortgage delinquency, according to Black Knight. Right now there are almost 94,000 unemployment claims in Florida according to the state's Department of Economic Opportunity. Despite…
This Loan Should Not Have Been Approved
A report from Medium on California. "Jurdon Gold had been a renter almost his entire life. Born Oakland, Gold, like many in the Bay Area, had never lived in a house he or his family owned. That changed in 2015,…
The Smart And Patient Buyers See What’s Happening
A weekend topic starting with Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic arrested the plans of millions of Americans to purchase a home. But what if you lock someone down in a home they had already mentally moved out…