A report from Zillow. "Metro-level discrepancies exist as well, especially in San Francisco and New York, showing that not all urban cores are keeping pace with hot suburban markets. In Manhattan, home values have dropped 4.2% since last year and…
Two reports from the Wall Street Journal. "Brookfield Property Partners is canceling plans to redevelop a former Vermont mall as an office and residential development, a sign that the slumping economy could be upending the firm’s strategy of buying and…
A report from the Palm Beach Post in Florida. "As the coronavirus spreads, travel and other economic activity has slowed or stopped. Florida’s $1 trillion economy relies on tourism more than most states, so the slowdown here is likely to…
It's Friday desk clearing time for this blogger. "There are some very real discussions going on amongst real estate industry professionals on social media platforms and at ongoing conferences about what effect the virus may have on the industry. With…
A report from the Wall Street Journal. "Mary Babinski, a senior loan officer with Motto Mortgage Champions in Trinity, Fla., recently wrote a 30-year loan for a retiree buying a home in New Port Richey. He had no problem qualifying,…
A report from Minnesota Daily. "For around $1,735 per month, you can rent a one-bedroom, one-bathroom penthouse apartment at Hub Minneapolis, one of the newest luxury apartments aimed at students near the University of Minnesota. The apartment complex is roughly…
A report from the Palm Beach Post in Florida. "South Florida is the nation’s capital of mortgage fraud, CoreLogic says. The metro area of Miami-Dade, Broward and Palm Beach counties had the highest levels of home-loan chicanery in the nation…
It's Friday desk clearing time for this blogger. "'The slow-down in the New York market can be attributed to the glut of high-end apartments in New York City, which have sat longer on the market as foreign investments in New…
A report from the Wall Street Journal. "U.S. home sales slumped in June as home prices for major West Coast cities declined for the first time since 2012, ending the spring selling season with a thud. 'Prices have dropped in…
A report from Michigan Live. "An Ann Arbor condo development just up the street from the University of Michigan Hospital is on hold after the developer had trouble pre-selling units. 'Morningside has ceased Nine99 Condominium marketing due to insufficient pre-sales,'…