This Is The Meteor
A report from Crain's New York Business. "The city’s hotel industry is in free fall, as occupancy and room rates have plunged and a growing number of chains have shuttered locations due to the dramatic drop-off in business as a…
A Market That’s Already Struggling With An Oversupply Of Homes And Falling Prices
A report from Oregon Public Broadcasting. "Calls are mounting in Portland for elected officials to temporarily ban evictions, as the coronavirus pandemic throws the ability of low-wage workers to make their next rent payment into question. To protect renters, lawmakers…
Companies Are Chasing Fees In Today’s Frothy Environment, With Capital Flooding In
A report from the Dallas Morning News in Texas. "Dallas-Fort Worth is the country’s top apartment building market with more than 26,000 new rental units opening this year. Another 16,000 apartments are set to open their doors in Houston in…
Prices Have Come Down Considerably, Sellers Are More Realistic And Inventory Is High
A report from the Dallas Morning News in Texas. "Just over 15% of people who were surveyed by LawnStarter.com said they were sorry they bought their home. Looking around the country, the greatest percentage of buyer regrets were in Wyoming,…
Buyers Begin To See Your Home As Stale Inventory And Think They Can Get A Discount
A report from Yahoo Finance on New York. "After years of inventory stockpiles and dropping prices, Manhattan’s luxury real estate market is selling at record-low prices. The threshold for a sale to be considered 'luxury' dropped 6.1% to $3,816,835 in…
The Expectation Several Years Ago Was That – Even In A Short Period Of Time – A Home Might Be Worth Considerably More Than You Paid, That Is Not The Case Now
It's Friday desk clearing time for this blogger. "Has a herd mentality taken hold of buyers in the Toronto-area real estate market of early 2020? Jeffrey Wagman of Forest Hill Real Estate Inc. fears it has. Mr. Wagman points to…
Maybe What We Thought Was More Conservative Wasn’t
A report from KPBS in California. "Norm Miller, a real estate finance expert at University of San Diego, said if you look at price per square foot, prices have only risen about 1% over the past year. In fact, Miller…
Sellers Tend To Wake Up At Around 6 Months And Consider A Price Reduction After They’ve Already Languished On The Market
A report from Malibu Magazine in California. "Tom Clements, a Sotheby’s agent with 35 years of experience in sales and investments. 'The 2019 statistics have been daunting. The number of sales from the first 6 months of 2019 were down…
Now They’re Stuck Having To Peddle Them One By One
A report from Knowledge Wharton. "Susan Wachter, Wharton professor of real estate and finance, noted that at the top end, housing prices have moderated and are decreasing in major markets like New York, San Francisco and Washington, D.C., and said…
The Downward Trend Stems From Inventory Growth Which Has Exceeded Net Demand
A report from the Dallas Morning News in Texas. "A lender that provided more than $388 million to finance one of Plano’s biggest real estate developments has filed to foreclose on the project. Beal Bank put up the debt for…