Two reports from the Wall Street Journal. "Brookfield Property Partners is canceling plans to redevelop a former Vermont mall as an office and residential development, a sign that the slumping economy could be upending the firm’s strategy of buying and…
A report from Medium on California. "Jurdon Gold had been a renter almost his entire life. Born Oakland, Gold, like many in the Bay Area, had never lived in a house he or his family owned. That changed in 2015,…
A report from the Wall Street Journal on New York. "The coronavirus lockdown has frozen Manhattan’s luxury real-estate market, with the volume of deals slowing to a trickle over the past three months. But one developer said he’s seeing signs…
A report from Go Banking Rates. "The pandemic has caused people to slow down and rethink their approach to the homebuying process, said Rebecca Brooksher, an agent with Warburg Realty. 'Everyone has a new perspective, so you are less likely…
A report from CNBC on New York. "The number of real estate contracts signed for Manhattan apartments plunged 84% in May compared with last year. The pain in Manhattan real estate will be felt most at the top — where…
A report from the San Francisco Chronicle in California. "The cost of renting an apartment in the Bay Area plummeted in May, as layoffs and the increased flexibility of working from home drove a double-digit drop in some of the…
A weekend topic starting with UCLA Anderson. "Given that home equity typically represents a serious chunk of a household’s net worth, the stakes are highly consequential when contemplating selling. While some decisions to sell are driven more by non-economic factors…
It's Friday desk clearing time for this blogger. "Founded in 2017 by CEO Yifan Zhang and cofounder Adam Stelle after she realized she could cover her mortgage by renting a room in her Seattle house on Airbnb, Loftium was expanding…
A report from the Wall Street Journal. "In April and May, 354 apartment and office properties started missing payments on $7.1 billion in mortgages, according to Trepp LLC, which only includes loans packaged into mortgage bonds. That is up from…
A report from WGBH. "Existing home sales fell nearly 9% in March, according to the National Association of Realtors, as millions of Americans lost their jobs to the coronavirus pandemic and millions more hunkered down to avoid getting sick. April's…