A report from Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being disastrous is the boom in mortgage refinancings.…
A weekend topic starting with Bloomberg. "Regional players New York Community Bancorp Inc. and Signature Bank are becoming a case study for potential trouble from a sudden downturn in the Big Apple’s property sector, and their share prices are suffering.…
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 AZ Big Media in Arizona. "William Gray, former president of the Arizona School of Real Estate and Business, said the homebuying market has 'been going gangbusters' since the beginning of the summer. 'One of the little problems…
A report from Arlington Now in Virginia. "This week’s key figure is… 20 percent. During the last week, we’ve seen approximately a 20 percent increase in local listings spanning single-family homes, townhouses and condominiums. Spin it however you’d like folks,…
A report from Bisnow. "Landlords are under pressure, and optimism is in short supply among mom-and-pops and midsized owners. 'It's a dire situation,' MassLandlords Executive Director Douglas Quattrochi said. 'Landlords are also dipping into their savings. I've talked to many…
A report from the Toronto Sun in Canada. "For the first time in a very long while, you’re hearing talk of a return to a 'balanced market' in which there is sufficient supply to meet demand. This isn’t something that…
A report from the Wall Street Journal. "Debt didn’t present a major problem before the coronavirus. The job market was booming and median household incomes were rising, allowing families to keep up with payments. Terri Smith, 64, said her job…
Two reports from the Globe and Mail in Canada. "The summer of economic recovery is fading away, replaced by a season of growing uncertainty as the weight of tens of billions of dollars in deferred debts bears down on consumers…
A weekend topic starting with the Los Angeles Times. "The Luxe Rodeo Drive is the first high-end hotel in the Los Angeles area to go out of business because of the pandemic, and industry experts point to an unusually high…