A report from Patterson Press on New Jersey. "Burned-out and abandoned, the Victorian house at the corner of Auburn and Fair streets symbolized Paterson’s drug scourge so much that three years ago someone sprayed-painted 'Crackadopia' across its side wall. Brian…
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…
It's Friday desk clearing time for this blogger. "The coronavirus pandemic has weaved two opposing narratives in the U.S. housing market. On one hand, it has buoyed home prices amid extremely tight inventory and frenzied demand. On the other, it…
A report from the Star Advertiser in Hawaii. "Munro Murdock, Hawaii Legal Short-Term Rental Alliance (HILSTRA) president, said owners and operators across the isles are feeling the pain from delays in reopening Hawaii tourism through a pre-arrivals testing program. 'First…
A report from Boston.com in Massachusetts. "International buyers, a key ingredient in new downtown condo projects, have pulled back in the past few years. The pullback is a departure from real estate anecdotes in recent years across the country of…
A report from the International Business Times. "The U.S. mortgage industry has been thrown into turmoil as the impact of the COVID-19 pandemic prompted millions of borrowers to fall behind on their payments. Holden Lewis, mortgage expert at NerdWallet, said…
A weekend topic starting with DS News. "The share of online REO auction properties with competing bidders rose in the wake of the pandemic-induced economic crisis — similar to the trend in the retail market — but buyer competition at…
A report from The Real Deal on Florida. "The supply of unsold condos is growing in downtown Miami, as the pandemic continues to pummel South Florida’s economy. Greater Downtown Miami has more than 30 months — or two-and-a-half years —…
A report from the Pioneer Press in Minnesota. "Taylor Swartwood bought a small apartment building off Rice Street a few years ago for $157,000. He’ll pay $4,500 in total property taxes (city, county, school district and special taxing districts) and…
A report from the Denverite in Colorado. "The median rent for an apartment dropped 1.4 percent to $1,454 between the first quarter of this year and the second, according to the University of Denver’s Daniels College of Business. The decrease…