A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city,…
A report from Local News 10 in Florida. "Patricia Guerrero said she is working full time to pay the mortgage of a home that she is supposed to be renting. Instead, she said there are squatters with a fraudulent lease,…
A report from the New York Times. "Brian Kavanagh, a Democratic state senator who represents Lower Manhattan and part of Brooklyn, was the lead sponsor of the bill that bars landlords from evicting most tenants for 60 days in almost…
A report from Mansion Global. "New York native David Kramer, president of Hudson Companies. What has the Covid-19 experience been like for the company? It’s a better time to be a buyer than a seller, a tenant than a landlord.…
A report from Reuters on New York. "Clarence Hamer doesn’t expect to hang on to his house much longer. His downstairs tenant owes him nearly $50,000 in back rent on the four-bedroom duplex he owns in Brownsville, Brooklyn. Without those…
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…
It's Friday desk clearing time for this blogger. "Laura Loyd, a single mother of four had been laid off from her job at a resort in nearby Branson when tourism froze up from coronavirus. Tony LaGrand, who was the landlord…
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…
A report from Mortgage News Daily. "Extremely serious delinquencies, those loans 150 days or more past due, reached historically high levels in August. Corelogic said the rate of delinquencies among those loans spiked to 1.2 percent, the highest level since…
A report from the Los Angeles Times in California. "In the 90210 ZIP Code, based on 30 sales, the median price for single-family homes in September was $4.518 million, down 27.1% year over year, according to CoreLogic." The San Diego…