A report from the Boston Globe. "Massachusetts has one of the highest unemployment rates in the country, at 11.3 percent. Unemployment in the service sector is higher than in any other job category, and many of the state’s 622,000 service…
A report from the San Francisco Chronicle in California. "Sales tax data shows San Francisco’s population likely declined during the coronavirus pandemic, the city’s chief economist Ted Egan told The Chronicle. 'We’re the worst in the state,' he said. 'That’s…
It's Friday desk clearing time for this blogger. "Record vacancies dropped Manhattan apartment rental prices to their lowest levels in seven years as tenants continued to flee the city. The number of apartment listings tripled from a year earlier to…
A report from AM New York. "According to RealtyHop, five Manhattan neighborhoods had the highest number of price drops last month. Manhattan’s Upper East Side-Carnegie Hill was the neighborhood with the most price drops in September. The Norwood area of…
A report from the San Francisco Chronicle in California. "HubHaus, a venture-backed startup in the burgeoning new field of 'dorms for grownups,' has imploded, stranding hundreds of renters and homeowners, mainly in the Bay Area. The 4-year-old Los Altos company,…
A report from Bloomberg. "It was considered one of the root causes of the global financial crisis, and regulators have spent over a decade trying to stamp the practice out. Yet Kroll Bond Rating Agency Inc.’s $2 million fine this…
It's Friday desk clearing time for this blogger. "Oh, how the mighty have fallen. San Francisco saw the biggest year-over-year drop in rental costs in September, but Boston wasn’t far behind, according to Zumper. The median price for a one-bedroom…
A report from CNBC on California. "Greg Tribulato is having trouble getting buyers interested in two extensively renovated condominiums he’s trying to sell in San Francisco’s Mission district. They’ve been on the market for three months. The one with two…
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 Arlington Now in Virginia. "This week’s key figure is… 20 percent. During the last week, we’ve seen approximately a 20 percent increase in local listings spanning single-family homes, townhouses and condominiums. Spin it however you’d like folks,…