A report from 19 News Cleveland. "Layoffs happened at a popular home mortgage company headquartered in Northeast Ohio. Union Home Mortgage in a statement told 19 News they are temporarily adjusting staffing levels to accommodate rapidly changing conditions in the…
A report from the Phoenix Business Journal. "Homebuyers across the country are furious with Zillow Group Inc for canceling contracts. Compounding the issue is the fact that many of these homeowners are waiting for their new construction homes to be…
A report from Bisnow New York. "The coronavirus pandemic brought New York City’s office market to a screeching halt. Adding to landlord concerns is the seemingly constant new supply of space. 'If they [refinanced] recently, this is the problem,' added…
A report from Mortgage Professional America. "With more than 20 years’ experience in the mortgage industry, Kirk Tatom, the president of Dallas-based Tatom Lending, started his company back in 2007. As for clients who were still determined to get the…
A holiday topic starting with VOA News. "In the latest sign that corporate debt levels in China pose a threat to the broader economy, Chinese regulators on Friday were forced to halt trading in bonds issued by Evergrande, the country’s…
A report from Bisnow New York. "Meridian Capital Group Senior Executive Managing Director David Schechtman noted he is working on a 'broken' condominium deal in Brooklyn upon which there is a $65M senior secured mortgage with $25M of equity behind…
A report from the Wall Street Journal. "After the coronavirus pandemic shut many businesses this spring, the three major credit-ratings firms placed about 2,400 bonds tied to pools of corporate loans on review for possible downgrades. The potential wave has…
A report from CBS New York. "As New Yorkers flee the city amid the coronavirus pandemic, parts of the city’s real estate market are rife with empty apartments. CBS2’s Jessica Moore reports the industry is dealing with nearly record low…
It's Friday desk clearing time for this blogger. "The figures from the Greater Boston Association of Realtors point to a market that, while certainly pricey, is significantly less frenzied than it was a year or two ago, when buying a…
A report from the Commercial Property Executive. "Does multifamily property management have a particularly weak spot right now which could be hit in case of a recession? Diana Batayeh, the CEO of Village Green: Building new apartments and improving existing…