A report from the Wall Street Journal. "More than a year into the pandemic, high-rise office buildings are largely empty. About one of every two hotel rooms is unoccupied. Malls are struggling to attract shoppers. And yet by most measures,…
A weekend topic starting with Better Dwelling. "The Canadian property bubble was recognized by an unlikely entity — the Canadian government. MP Adam Vaughan dropped the b word this week. Vaughan isn’t just an elected official, but also the Secretary…
It's Friday desk clearing time for this blogger. "Extell Development has sold a sponsor unit at One57 for $16.8 million, 15.4 percent below its last asking price. Extell first listed the condo at about $24 million in July 2020, before…
A report from the Wall Street Journal. "The residential real-estate market is on its biggest tear since 2006, just before the housing bubble burst. 'It’s the hottest market I’ve ever seen,' said Sean Chandler, president of the central Texas division…
It's Friday desk clearing time for this blogger. "'Twelve years ago, [the housing boom] led to a bad outcome with a foreclosure crisis. But that was due to funny mortgages that went to everyone without income documentation,' said Lawrence Yun,…
It's Friday desk clearing time for this blogger. "A moratorium on evictions is forcing small landlords on Long Island to run up credit card balances, take out loans and default on their own bills. 'They keep extending the court date,…
A report from the Capital Times in Wisconsin. "'I do believe landlords are preparing and I expect a huge increase once the moratorium is lifted,' said Laura Nachazel, a court manager in the Dane County Clerk of Courts office. 'I…
A report from USA Today on Florida. "Susana Lay worked from dawn to dusk alongside her grandfather while he sold and repaired Singer sewing machines in New York City. Soon, Lay was able to use her savings to buy her…
It's Friday desk clearing time for this blogger. "The good news for buyers is that inventory is rising in places such as Arlington County and Alexandria, up 39% and 38% respectively compared to a year ago. 'We’re seeing huge increases…
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…