A weekend topic starting with the Brooklyn Rail. "Reaching out to and organizing these dispersed tenants is a daunting task, but a devoted core forms to coordinate the effort, and eventually begins to organize into neighborhoods and city blocks to…
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…
A report from BU News Service on Massachusetts. "Some property owners leave vacant units rather than bear the costs of lost rent, maintenance, utilities and other bills they may never recoup. 'I’ve put [some units] out of touch for the…
A report from Mortgage News Daily. "Mortgage delinquencies spiked in June and the serious delinquency rate, loans 90 or more days past due but not in foreclosure, reached its highest level in more than five years. CoreLogic predicts that, barring…
Two reports from the Wall Street Journal. "The FTSE Nareit Equity Apartments index, which tracks the stock prices of publicly traded apartment landlords, is down more than 21% year to date. A big reason: Dramatic cuts in rents in coastal…
A report from Seven Days in Vermont. "Signs of the times were impossible to miss along the Church Street Marketplace in Burlington. 'For lease' signs hung in windows once occupied by retailers. Uncommon Grounds coffeehouse, Half Lounge speakeasy, David's Tea,…
A weekend topic starting with the Wall Street Journal. "Protesters frustrated that marches on the streets haven’t resulted in more dramatic police reforms have found a new stage: the homes of big city mayors. In San Jose, Calif., a group…
A weekend topic starting with Bloomberg. "Fannie Mae and Freddie Mac said a regulator’s plan to boost their capital would increase mortgage borrowing costs for the millions of Americans who rely on the companies to buy homes and asked that…
It's Friday desk clearing time for this blogger. "The contours of the ruin caused in New York City are emerging. City unemployment rate climbed to nearly 20 percent in July with nearly a fifth of jobs wiped out, year-to-year. Many…
A report from CNBC. "Late Tuesday, the Trump administration announced a somewhat creative plan to stop most rental evictions through the end of the year. 'Without mortgage forbearance protections and protections from other property-level financial obligations such as property taxes,…