A report from Bisnow on New York. "Developers in New York City with pricey luxury apartments to sell were facing an uphill battle in 2020, faced with a supply glut and waning demand. The hill has only gotten steeper the…
A report from Q 13 Fox in Washington. "The month of May in Seattle is traditionally a busy travel period. The summer peaks are when Airbnb hosts were accustomed to raking it in. 'We were all booked up,' said Scott…
A report from the Wall Street Journal. "Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations. Chief Executive Brian Chesky told employees about the cuts in a memo Tuesday,…
A report from the Wall Street Journal. "Some sellers say they are hanging tough because they believe their homes aren’t moving because buyers haven’t viewed them in person or are reluctant to make offers right now, not because the asking…
A report from Business Den in Colorado. "When it comes to future development — things that have yet to break ground — it’s feeling like the end of a cycle.'Projects that are getting built will obviously get finished, but when…
A report from the Wall Street Journal. "Mark Calabria, who heads the Federal Housing Finance Agency, is resisting pleas for help from lenders seeking relief as millions of Americans stop payments on their home loans, sending tremors through the $11…
A report from 5280 in Colorado. "Well, Denver: It’s been quite a journey. Over the past decade, we’ve experienced what just might be the metro area’s most volatile period of growth ever and a record-setting real estate market. The ride…
A report from the Wall Street Journal. "A government effort to give Americans a break on their mortgage payments during the coronavirus pandemic hasn’t provided the relief many homeowners were hoping for. The stimulus package that Congress passed in March…
A report from Market Watch. "The coronavirus pandemic has turned the $4.4 trillion U.S. commercial real estate finance market upside down. Moody’s analysts warned that property-level 'cash-flow stress, particularly across hotels and retail properties,' will trigger more defaults. In the…
A report from Marketplace. "New survey data on Wednesday from the National Association of Homebuilders shows builder confidence fell the most ever in a month, to 30. Anything below 50 is considered negative, and this is the first negative reading…