A report from the Real Deal on New York. "Ladder Capital intends to foreclose on four Harlem rental properties owned by Isaac Kassirer’s Emerald Equity, after the firm defaulted on a $32 million loan. In April, Isaac Kassirer extended the…
A weekend topic starting with Real Estate Weekly. "For a fourth straight month the number of vacant apartments in New York City increased, according to a survey of the members of the Community Housing Improvement Program (CHIP). 'This is a…
It's Friday desk clearing time for this blogger. "Laura Loyd, a single mother of four had been laid off from her job at a resort in nearby Branson when tourism froze up from coronavirus. Tony LaGrand, who was the landlord…
A report from Bloomberg. "What’s flown largely under the radar amid the central bank’s efforts to bolster the economy, is the Fed’s role in pushing the $6.8 trillion mortgage-backed securities market to extremes. The Fed has bought more than $1…
A report from Bloomberg. "U.S. household debt rose slightly in the third quarter, reaching the highest level ever. Total debt increased 0.6% to $14.35 trillion from $14.27 trillion in the second quarter, the Federal Reserve Bank of New York said…
A report from WTOP. "Bright MLS reports new listings of condos and co-ops in the D.C. metro in October were up 49.2% from a year ago, a 10-year high for the second month straight. That does not mean there is…
A report from the Review Journal in Nevada. "Las Vegas’ housing market is defying logic. It has heated up with fast sales and a monthslong streak of record prices despite the bleak economy, raising the question locals often ask: Is…
A weekend topic starting with USA Today. "'It was looking pretty bleak pre-Covid because of the transition away from bricks and mortar,' said Manus Clancy, senior managing director at Trepp LLC. 'We will see dozens and dozens of loans go…
It's Friday desk clearing time for this blogger. "The sale of the 851-square-foot, one-bedroom unit of the Lumina tower at 201 Folsom Street has just closed escrow with a contract price of $999,000. But as the unit was purchased for…
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.…