A report from The Wall Street Journal on Florida. "U.S. prosecutors are looking to seize a penthouse in a luxury condominium tower in Miami that they say a son of the Republic of the Congo’s president bought with money embezzled…
An editorial from Jonathan Miller in Forbes. "When the Covid-19 crisis began half way through March, the Manhattan housing market was placed on 'pause,' as were many housing markets around the country. That was the beginning of the problem this…
A report from the Real Deal on Florida. "The co-founder of a blockchain company paid $5.2 million for a unit at Regalia in Sunny Isles Beach, well under its previous trade price. The 5.5K sf unit last sold for for…
A report from CBS New York. "As New Yorkers flee the city amid the coronavirus pandemic, parts of the city’s real estate market are rife with empty apartments. CBS2’s Jessica Moore reports the industry is dealing with nearly record low…
It's Friday desk clearing time for this blogger. "The Corcoran Group Founder and Shark on ABC’s Shark Tank Barbara Corcoran joins Yahoo Finance’s Zack Guzman to break down her latest outlook on real estate amid the coronavirus. Corcoran: You're going…
A report from National Mortgage Professional. "Close to 70% of home sellers are willing to accept a lower purchase price just to reach the closing point, according to a new LendingTree survey. This comes as the coronavirus has made it…
A report from CNBC. "As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing payments in June, according to Apartment List. That’s up from 24% who missed their payment just…
A report from the Commercial Observer on New York. "The Real Estate Board of New York, the powerful real estate lobbying firm, laid off staff and slashed executives’ salaries because of a decrease in membership dues caused by the coronavirus…
A report from The Real Deal on New York. "Exactly one year ago, New York’s real estate industry was facing a crisis. The legislature had just agreed to a tenant-friendly upheaval of rent regulation. 'It used to be that investors…
A report from Seattle PI in Washington. "The median home price for closed sales in King County dropped month over month, from $650,000 to $627,000. 'I don’t think anyone should be surprised that home prices in King County took a…