While Supply Rose, Demand Plummeted
A weekend topic starting with Curbed New York. "Since it took off about a decade ago, the co-living industry has gone to great lengths to sell an image of communal bliss. If you were a minor player with a master…
Left Holding The Bag, They May Walk Away Or File Bankruptcy
It's Friday desk clearing time for this blogger. "Channing Tatum and Jenna Dewan have finally listed their Beverly Hills marital home for $6 million, setting themselves up to face a monetary loss. The former couple initially purchased the home back…
For Many People, These Just Become A Noose Around Their Neck
A report from NBC News. "It's a red-hot real estate market — so why are home sales plunging? 'Given the housing shortage and strong demand — there's nothing to suggest home prices will be falling,' National Association of Realtors chief…
We Thought Our Nightmare Was Over, But It Was Just The Beginning
A report from CNBC. "Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a 'wild West' mentality among investors. According…
The Dutch Had A Similar Lolly Scramble Didn’t They?
A weekend topic starting with the Vancouver Sun. "'If we can find a bunch of billionaires from around the world to move here, that would be a godsend. Because that’s where the revenue comes to take care of everybody else.'…
Owners’ Last-Ditch Attempts To Recoup Their Losses
A report from Bloomberg. "Landlords have struggled to attract tenants throughout a pandemic that's kept New Yorkers working from home. Apartment owners lowered rents and offered perks such as free months and gift cards - yet they still saw the…
As Long As These Units Remain Unsold, Their Cash Is Stuck In The Ground
A report from the Real Deal on New York. "The Financial District’s condo supply has surged. And there are still few buyers in sight. The downtown district now holds the most unsold inventory of any New York City neighborhood, with…
Oversaturated With Inventory, Slow Sales And Dropping Prices Is The Norm
A report from Money Wise. "Buyers in many parts of the country are diving full force into the housing market. '[Rates] are still incredibly low in people’s minds,' says Corey Burr, a real estate agent in Washington, D.C. Buyers feel…
This Mass Exodus Has Left Owners And Landlords With An Accumulation Of Vacancies And Not A Lot To Stand On
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…
There Is A Saying That Goes, Never Catch A Falling Knife
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,…