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,…
A report from KOLD in Arizona. "John Carroll is an Tucson agent with Land Advisors Organization, and recently worked on a residential market study. Carroll said right now, there is not enough land for builders to keep up with current…
A report from the Wall Street Journal. "In the years leading up to the coronavirus pandemic, rental apartments were one of the hottest property types. Things are different now. Even stronger markets are seeing declines of about 5% in effective…
A report from the New York Post. "Moving trucks were out in force on Manhattan’s Upper West Side on Saturday — leaving Guardian Angels founder Curtis Sliwa practically tripping over them. 'The mass evacuation of Upper West Siders from NYC…
A report from Patterson Press on New Jersey. "Burned-out and abandoned, the Victorian house at the corner of Auburn and Fair streets symbolized Paterson’s drug scourge so much that three years ago someone sprayed-painted 'Crackadopia' across its side wall. Brian…
A report from the Wall Street Journal. "After the coronavirus pandemic shut many businesses this spring, the three major credit-ratings firms placed about 2,400 bonds tied to pools of corporate loans on review for possible downgrades. The potential wave has…
A weekend topic starting with two articles in the Los Angeles Times. "Four months into the pandemic, never has the city seemed so upside down. Parking attendants wave flags to the empty streets. Storefronts, boarded-up from break-ins, merge with stalled…
It's Friday desk clearing time for this blogger. "The coronavirus pandemic has weaved two opposing narratives in the U.S. housing market. On one hand, it has buoyed home prices amid extremely tight inventory and frenzied demand. On the other, it…
A report from the Star Advertiser in Hawaii. "Munro Murdock, Hawaii Legal Short-Term Rental Alliance (HILSTRA) president, said owners and operators across the isles are feeling the pain from delays in reopening Hawaii tourism through a pre-arrivals testing program. 'First…