This Is The Meteor
A report from Crain's New York Business. "The city’s hotel industry is in free fall, as occupancy and room rates have plunged and a growing number of chains have shuttered locations due to the dramatic drop-off in business as a…
Sellers May Have To Make Some Price Adjustments To Sell
A report from the Wall Street Journal. "The coronavirus has been sending shares of elder-care facilities into a tailspin over concern that any additional contagion in senior-care buildings could hurt operations and lead to occupancy declines. Shares of health-care real…
Buyers And Sellers Cancel Deals Due To Fear Of Job Security And, Just The Unknown
A report from the Wall Street Journal on Texas. "The Houston office market is poised to become the next commercial real estate victim of the economic shock waves from the coronavirus crisis. Houston’s problems also are closely watched along with…
People With Proclivity For Greed Continue Counting Their Losses
A report from the Times of London in the UK. "'For UK corporates, this is their Waterloo,' said a restructuring expert. 'What happens over the next few weeks will define what happens over the next few years, and whereas the…
A Market That’s Already Struggling With An Oversupply Of Homes And Falling Prices
A report from Oregon Public Broadcasting. "Calls are mounting in Portland for elected officials to temporarily ban evictions, as the coronavirus pandemic throws the ability of low-wage workers to make their next rent payment into question. To protect renters, lawmakers…
The Net They Thought Policymakers Were Holding Out For The Market Wasn’t There At All
A report from the Palm Beach Post in Florida. "As the coronavirus spreads, travel and other economic activity has slowed or stopped. Florida’s $1 trillion economy relies on tourism more than most states, so the slowdown here is likely to…
This Is Getting Real In A Hurry, I Wonder If It’s Too Late?
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…
For Many, The Question Might Better Be Asked, Will My Home Sell In The Current Market?
A report from the Globe and Mail in Canada. "Every financial market you can think of is in an uproar right now, but not Toronto real estate. John Pasalis, president of Realosophy Realty said there’s a sense among buyers, fed…
This Building And Buying Binge Looks Poorly Timed Today
A report from Bloomberg. "The U.S. housing market, which was headed for a hot spring-selling season, may not be so healthy after all. Some owners will choose not to list their properties until the crisis is over, fearful they won’t…
The Addictive Drug That Everybody Thinks Is Okay, Until It’s Not
A report from Realtor.com. "In sharp contrast with H1N1, COVID-19 comes at a time of contraction, after years of frantic expansion, with an economy on a slowing trajectory. Job creation, GDP, and consumer confidence are all decelerating but still at…