Owners May Be Forced To Sell For Less Than Market Value
A report from King 5 in Washington. "If you lost your job, you might be asking yourself what good a deferral does if you owe a large lump sum at the end of it. When Kathy Martin lost her job,…
You Don’t Want To Be The Tree That Falls In The Forest That No One Hears
A report from the Times of London. "Sean Rakidzich was 'spitting fire.' The 34-year-old from Houston had built a small empire via Airbnb, managing 103 properties in Texas and Pennsylvania. Then the coronavirus walloped his business, as it did everyone…
How Comfortable Are You Catching A Falling Knife?
A report from Chicago Magazine in Illinois. "Chicago’s luxury condo market has cooled off significantly since 2018, but don’t expect a Manhattan-style meltdown. In a plunge described by commentators as a 'bubble' and 'bloodbath,' the median price of high-end condos…
They Were Fine, They Were Luxury, They Were Great, But Look At Them Now
A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
When It Busts, It Busts
A report from the Wall Street Journal. "Housing markets across the world, from the U.K. to China to Australia, are losing steam. In 18 large economies, world-wide residential investment dropped on a year-over-year basis for four consecutive quarters through September,…
The Straightforward Way To Clear Out The Overhang Is To Reduce The Price
It's Friday desk clearing time for this blogger. "The St. George Metropolitan Area has ranked among the fastest-growing areas in the country for decades. But now, there are signs of a slowdown. Construction is down substantially from its peak in…
Nothing Scares Off House Hunters More Than The Prospect Of Price Losses
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…
Some Are Selling For Less Than What They Paid Several Years Ago
A report from the New York Times. "For thousands of luxury condo owners in New York who have received deep tax breaks for a decade or more, the taxman is coming. The end of those benefits, through an expired program…
Why Are First-Time Home Buyers Struggling To Make Mortgage Payments?
A report from the Mortgage Reports. "A new study indicates that first-time home buyers are having more mortgage delinquency problems than they have since 2010. Black Knight’s most recent Mortgage Monitor report had some alarming findings: Nearly 1% of mortgage…
This Glut Of Real Estate Is Going To Have To Be Dealt With
A report from Bisnow. "A strong jobs report, the stock market performing at record highs and low interest rates continue to fuel U.S. commercial real estate’s prolonged growth cycle. But overall economic growth has fallen as the year progresses, raising…