A report from the Philadelphia Inquirer in Pennsylvania. "The deal was simple: Property mogul Chris Rahn got to buy a bundle of 22 vacant, publicly owned lots on the cheap. In exchange, records show he was expected to build homes…
A weekend topic starting with Bloomberg. "Property investors are about to discover just how much the global fallout from the coronavirus pandemic has spread from deserted and cast-off buildings to their bottom lines. In an estimated $10 trillion global pool…
A weekend topic starting with KPIX in California. "Rent collection has dropped from 80.4% nationally at this time last year to 75.4% at the start of December. Meanwhile tenants are fleeing urban centers left and right. 'I’ve even seen properties…
A report from CNBC. "'Everybody I know is leaving,' said Michael Kronenberg, who owns a downtown Manhattan apartment. 'It’s not just New Yorkers. My partners, long-time clients and investors of mine that live in Connecticut or New Jersey, they are…
It's Friday desk clearing time for this blogger. "A wave of foreclosures is likely coming that will hit low-income homeowners. As of August, over 10% of the eight million single-family mortgages backed by the Federal Housing Administration were delinquent by…
A weekend topic starting with the Los Angeles Times. "When Steve Qunell won a seat on the City Council last year in this town of 8,000, he figured he’d be dealing with potholes and affordable housing. Instead, he finds himself…
Two reports from the Los Angeles Times in California. "Adam Lambert couldn’t quite turn a profit in the Hollywood Hills. The 'American Idol' alum sold his modern digs last week for $2.92 million, or $75,000 shy of what he paid…
A weekend topic starting with the Wall Street Journal. "Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many…
A report from National Mortgage News. "While the COVID-19 pandemic continues to create financial uncertainty for all Americans, it's not too early to ask how mortgage lenders can help put the nation's economy back on track. One way is to…
A report from The M Report. "The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month…