The Tables Turned
A report from 6 Sq Ft in New York. "While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. From 2016 to 2020,…
That Eats All Your Cash Flow, Sometimes It Puts You In A Negative Situation
Two reports from the Los Angeles Times in California. "Adam Lambert couldn’t quite turn a profit in the Hollywood Hills. The 'American Idol' alum sold his modern digs last week for $2.92 million, or $75,000 shy of what he paid…
We Were Expecting 2020 To Be A Really Great Year, And Then — Boom! — This Happens
A report from the Associated Press on Utah. "Evidence from Utah home listings suggests some homeowners are pulling back. A few are panic selling — while would-be buyers begin to feel tightening credit, with more hurdles to jump to get…
They Were Fine, They Were Luxury, They Were Great, But Look At Them Now
A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
There Is So Much Inventory, Sellers Have To Act Fast Or The Buyer Will Move On To Another Option
A report from the Bakersfield Californian. "A partially built housing development off Highway 178 has become the focus of a police inquiry after contractors working on the project went unpaid and one of the development partners sued another alleging misappropriation…
There Is A Tangible Risk If You Buy Properties With Inflated Values
It's Friday desk clearing time for this blogger. "According to an ATTOM Data Solutions report buying a home is more affordable than renting in 53% of the U.S. housing markets. 'The current market here in Bakersfield for renters is a…
We Have This Expanding Inventory And There Just Aren’t Enough Buyers
A report from the Wall Street Journal. "Actor Bruce Willis and his wife have sold their country estate near Bedford Corners, N.Y., for $7.66 million, or 41% off its original listing price. The 22-acre property came on the market in…
Conditions Have The Realtors Suggesting The Once Unthinkable
A report from Builder Online on New York. "The number of homes for sale reached new highs in Brooklyn and Queens and jumped to near-highs in Manhattan, according to the Q3 2019 StreetEasy Market Reports. In Manhattan, the index fell…
The Snake Oil Doesn’t Magically Turn Into Anything Else
A report from Bisnow on Texas. "Real estate investors and developers surveyed for a PwC and Urban Land Institute study still view Dallas-Fort Worth as a Top 10 U.S. real estate investment market even though the region plummeted from the…
It’s A Marketplace Now Where Consumers Have A Lot Of Choice
A report from the Bakersfield Californian. "The average, per-unit sales price of multi-family housing properties in akersfield climbed last year to a whopping 17.8 percent year over year. That's 'pretty staggering,' said real estate agent Mark A. Thurston, senior vice…