A report from the New York Times. "In only a year, the market value of office towers in Manhattan, home to the country’s two largest central business districts, has plummeted 25%, according to city projections. Across the country, the vacancy…
It's Friday desk clearing time for this blogger. "'We’ve been seeing outflow from Manhattan into Connecticut, and it has been crazy,' said Cliff Smith, managing partner with The Agency in New Canaan, Connecticut. 'Frankly, everyone is overpaying now, but it’s…
A report from WSMV in Tennessee. "A Nashville couple said they were forced into forbearance by tenants they believe are taking advantage of the pandemic, going months without paying rent. No answer and still no rent Wednesday when Girish Rachakonda…
A report from the Pahrump Valley Times in Nevada. "Home prices were on the rise in Southern Nevada, including in Pahrump, in March. 'The pandemic has contributed to the supply shortage due in part to homeowners being out of work,…
A report from Boston.com in Massachusetts. "The housing market in suburban Boston is 'crazy.' That’s the description Laura Semple and Beth Hettrich, agents in Sudbury, gave. 'We listed one house at $1.1 million based on comparable sales that had 12…
A report from the Wall Street Journal. "The bubble has room to grow before it bursts, according to John Burns Real Estate Consulting. But it is inflating fast. Bruce McNeilage began building houses to rent out around Nashville, Tenn., in…
A weekend topic starting with KCRG in Iowa. "Chelsie Brown, from Cedar Rapids, is one of many people looking to buy a home in a challenging market. One obstacle she’s run into, and that she’s had to increase her budget…
A weekend topic starting with CNBC. "The International Monetary Fund has raised concerns over commercial property and the risk it could pose to financial stability. Andrea Deghi, a financial sector expert at the IMF, explained that if a slew of…
It's Friday desk clearing time for this blogger. "Lenders should be better prepared to deal with home owners who are in danger of losing their home, the Consumer Financial Protection Bureau (CFPB) warned on Thursday. 'There is a tidal wave…
A report from WACH on South Carolina. "If you’re looking to buy or sell a house, it’s boom time. 'Interest rates are at an all-time low. Banks are pretty much giving free money away. Buyers are seeing that and it…