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.…
A report from the Star Tribune in Minnesota. "On a good month, the upper floor of Michael and Krista Browne’s Minneapolis duplex near the University of Minnesota could pull in $2,750 to $3,000 as an Airbnb rental. For the Brownes…
A report from Realtor.com. "It seems like it was only yesterday when America's downtown business districts thrummed with life. Since onset of the coronavirus pandemic, though, the pulse of those once-thriving districts has subsided to a faint quiver. That doesn't…
A report from Arlington Now in Virginia. "What a difference a few months can make. We’ve certainly seen the COVID-19 pandemic make its mark on the Just Reduced column. At the beginning of the year we were seeing only a…
A report from CNBC. "A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC. 'This really could be catastrophic, and it extends beyond just…
A report from the Philadelphia Inquirer in Pennsylvania. "Economic uncertainty during the pandemic has led banks to tighten their lending standards. The supply of mortgage credit has fallen by more than 30% from February to June, according to the Mortgage…
A report from the Real Deal on Florida. "The co-founder of a blockchain company paid $5.2 million for a unit at Regalia in Sunny Isles Beach, well under its previous trade price. The 5.5K sf unit last sold for for…
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 the Commercial Observer. "If you thought it was bad now, well, it could get a lot worse. Scores of apartments could be empty as thousands of renters face evictions after losing their jobs and as millennials in…
A report from Forbes on New York. "Landlords in New York City and across the country are offering more flexible rental options in response to demand from renters facing unclear economic futures. The number of listings for short-term or month-to-month…