A report from Yahoo Finance. "In a client note this week titled 'Escape From New York', Jefferies chief market strategist David Zervos described how the coronavirus reversed decades-long trends of high-end gentrification for New York City. 'I'm bullish on the…
A report from the Real Deal on New York. "Ladder Capital intends to foreclose on four Harlem rental properties owned by Isaac Kassirer’s Emerald Equity, after the firm defaulted on a $32 million loan. In April, Isaac Kassirer extended the…
A weekend topic starting with USA Today. "'It was looking pretty bleak pre-Covid because of the transition away from bricks and mortar,' said Manus Clancy, senior managing director at Trepp LLC. 'We will see dozens and dozens of loans go…
A report from the Denverite in Colorado. "The median rent for an apartment dropped 1.4 percent to $1,454 between the first quarter of this year and the second, according to the University of Denver’s Daniels College of Business. The decrease…
A report from WFTV in Florida. "It sounds simple and safe. Homeowners who lost jobs can skip mortgage payments now, then repay at the end of the loan. But some federal lawmakers, who helped pass the CARES Act that allows…
A report from Atlanta Agent Magazine in Georgia. "The country is much better positioned to rebound from the current recession than in the Great Recession, according to Lawrence Yun, chief economist for the National Association of Realtors. The housing shortage…
A report from the Tampa Bay Times in Florida. "The current crisis was not caused by pre-existing economic weakness. 'There was little evidence of an approaching downturn as recently as a month or two ago,' said Gary Burtless, an economist…
It's Friday desk clearing time for this blogger. "California home prices and sales are likely to fall as a result of the coronavirus, according to the California Association of Realtors. Kalena Masching, a Redfin agent in Silicon Valley, saw a…
A report from the Dallas Observer in Texas. "Khraish Khraish is no longer in the low-rent landlord business. Three years ago, Khraish was among several large-scale landlords targeted by the former mayor and City Council in a campaign to drive…
A report from the Orlando Sentinel in Florida. "More Central Floridians are taking out zero-down loans to buy a home. 'We didn’t have to put $30,000 down on a house, but you still get the house you want,' said Christina…