The Dirty Not-So-Little Secret Of The Entire Issue
A weekend topic starting with the New York Post. "New York has 20 of the 100 priciest ZIP codes in the nation, but for the first time the city doesn’t have a single one in the Top 10. The biggest…
Markets That Previously Commanded Expensive Rents Are Now Thick With Supply
A report from the San Francisco Business Times in California. "An iridescent San Francisco luxury apartment tower stretching 42-stories toward the sky has been welcoming residents over the past year, but a subcontractor involved in making the project a reality…
As Rents Plummet, We Are Reminded That PR Talks But Money Walks
A report from Bloomberg on New York. "In pricey Manhattan, having a roommate or two is a traditional rite of passage. Now, as the city empties out and rents plummet, even recent college graduates are finding they can afford to…
The Price They Are Refusing To Accept Today Could Be Lower In February
A report from Realtor.com on Florida. "After three years of twists, turns, and foreclosure proceedings, Birdman’s mansion was finally sold for $10.85 million. The Cash Money Records co-founder purchased the Miami Beach, Florida, mansion back in 2012 for $14.5 million.…
We Have Got It Starting To Show Its Face
A report from Mortgage Broker News in Canada. "Readers will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster…
Perhaps The Love Affair Has Finally Met The Bullet It Can’t Dodge
A report from CTV News in Canada. "Ari Newman has called Vancouver’s Strathcona neighbourhood home for the last three years, but that’s about to change. 'It’s been an increasingly bad experience living in Strathcona,' he told CTV News. 'I’m seeing…
There Are Investors That Are Trying To Dump Their Real Estate, But The Buyers Think It’s Armageddon
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…
There’s Blood In The Water, And That’s When Sharks Feed
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.…
The Ponzi Scheme Refrain Came Through Loud And Clear
It's Friday desk clearing time for this blogger. "The good news for buyers is that inventory is rising in places such as Arlington County and Alexandria, up 39% and 38% respectively compared to a year ago. 'We’re seeing huge increases…
Some Investors Are Holding On By The Skin Of Their Teeth
A report from the Toronto Sun in Canada. "For the first time in a very long while, you’re hearing talk of a return to a 'balanced market' in which there is sufficient supply to meet demand. This isn’t something that…