A report from Business Insider on Florida. "Ken Griffin is selling both of his Miami Beach penthouses for at least a 20% loss, Katherine Kallergis reported for the Real Deal. Griffin bought the two Faena House penthouses in 2015. At…
A report from Bisnow on Georgia. "With government support for embattled workers evaporating, apartment rent collections are worsening as the year comes to a close. 'In November, it came crashing. We saw the entire momentum shift,' The RADCO Cos. CEO…
A report from DS News. "Nearly every metro area in America is experiencing peak seriously delinquent mortgage loans, according to a report from Nationwide economics. Levels are approaching the severity of the 2010 housing bust, economists say. 'The spike in…
A weekend topic starting with KPIX in California. "Rent collection has dropped from 80.4% nationally at this time last year to 75.4% at the start of December. Meanwhile tenants are fleeing urban centers left and right. 'I’ve even seen properties…
A report from Mortgage News Daily. "Black Knight says condos have seen a large increase in availability. This is especially apparent in some of those very cities, such as San Francisco, that homeowners are leaving in droves. While delinquencies spiked…
A report from Bisnow on Illinois. "High property taxes are a hot-button issue across the state, with many commercial owners already crying foul. 'When I used to give presentations on the state budget situation, I’d joke that we should make…
A report from Bloomberg on New York. "In pricey Manhattan, having a roommate or two is a traditional rite of passage. Now, as the city empties out and rents plummet, even recent college graduates are finding they can afford to…
A report from the Boston Globe in Massachusetts. "Greater Boston Association of Realtors noted that within the City of Boston, which accounts for about one-third of the region’s condo market, sales were up just 1 percent and the median price…
A report from the Real Deal on New York. "Ladder Capital intends to foreclose on four Harlem rental properties owned by Isaac Kassirer’s Emerald Equity, after the firm defaulted on a $32 million loan. In April, Isaac Kassirer extended the…
A report from Bloomberg. "What’s flown largely under the radar amid the central bank’s efforts to bolster the economy, is the Fed’s role in pushing the $6.8 trillion mortgage-backed securities market to extremes. The Fed has bought more than $1…