A report from ThinkPol in Canada. "Metro Vancouver detached home prices are in free fall in May as economic turbulence caused by COVID-19 related lock down measures continue to rock the region’s housing market. The OpenHousing House Price Index for…
A report from AFN News Services. "There’s good news and bad news for homebuyers and sellers in the pandemic’s wake, according to Realtor.com. 'While many cash-strapped buyers have eagerly anticipated prices falling, triggering a real estate bonanza similar to the…
A report from the Union Tribune in California. "San Diego home sales had their biggest annual drop since the Great Recession in April as the effect of COVID-19 hit the housing market. There were 2,499 home sales in April, down…
A report from Reuters. "U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled. The report from the Commerce Department on Tuesday added to dismal data this month showing a staggering loss of 20.5…
A report from ABC News in Australia. "House prices are tipped to fall by 11 per cent over the next three years as the COVID-related economic downturn bites, and for one group of Australian homeowners, it could not come at…
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 the Huffington Post on Canada. "Advertised rental rates are on a downward slide in many cities. Some of the priciest cities saw some of the steepest drops. One-bedroom units in Toronto fell 4 per cent in April…
A report from CNBC on New York. "New leases for Manhattan apartments plunged by 71% in April, and vacancies soared as the rental market froze amid the coronavirus pandemic and more residents left the city, according to a new report.…
A report from the Globe and Mail in Canada. "Canadian home sales tanked and price dipped in April over the previous month, marking the weakest activity since 1984. Last month, 16,612 homes were sold on a seasonally adjusted basis, down…
A report from the Star Advertiser in Hawaii. "Munro Murdock, founder of Love Hawaii Realty and Love Hawaii Villas, was living the dream up until a few months ago, helping owner clients generate millions of dollars in vacation rental revenue.…