The Frenzy Is Not There
A report from Spectrum News on North Carolina. "Realtors in the Triangle say an inventory crisis is making the market frustrating for buyers but a great time for people looking to sell. 'We know it sounds crazy to offer what…
Ownership Is The Dream…And The Devil’s Bargain
A report from Toronto Storeys in Canada. "While Canadian real estate prices fell slightly in May — down 1.1% from April to an average of a little over $688,000 — Canada’s housing market is still flashing red warning signs that…
A Shack Isn’t A Veblen Good
A report from the Concord Monitor in New Hampshire. "When it comes to real estate, Rick and Jenn Kelly benefit from their entrepreneurial spirit, hard-work ethic and ability to spot diamonds in the rough – plus their capacity to seize…
Leveraging Works Both Ways, Mate
A report from the Times of San Diego in California. "Jason Elliott, Newsom’s top advisor on housing and homelessness, was joined on the virtual panel, by Jennifer Svec, legislative advocate for the California Association of Realtors, Assemblymember Buffy Wicks, a…
When Do I Get My Comeuppance?
A report from Spectrum 1 on New York. "Small landlord Karron Graves-Briceño says her whole retirement is wrapped up in the one unit she rents out in Harlem. She says her tenant stopped paying rent nearly a year ago even…
Leaving Many In A Vicious Cycle Of Growing Debt, Asking Where’s The Money?
A report from Cal Matters on California. "At the start of the pandemic, Brandon McCall’s two tenants ran into financial trouble. With a limited amount of cash coming in, McCall said the two of them stopped paying rent on his…
This Glut Of Inventory Means Prices Have Even More Room To Fall
A report from the Real Deal on Florida. "John Rosatt sold his waterfront mansion in Fort Lauderdale’s Las Olas Isles for $7 million, nearly five years after putting it on the market. He bought the home in 2015 for $12…
Another Owner Simply Walks Away From A Struggling Property
A report from The City on New York. "In 2019, Clarence Hamer bought a house and moved to upstate Harriman, turning the two-family home he had owned in Brownsville since 2007 into an investment property. His plan blew up when…
The Best Day For A Lender Is The First Day, After That Stuff Can Go Bad
A report from News.com.au. "Living at 432 Park Avenue in New York – one of the wealthiest addresses in one of the tallest residential buildings in the world – should be the epitome of luxury. But residents who have paid…
It Was A Bad, Perfect Storm
A report from Bolly Inside. "Flexible workspace provider Knotel has filed for bankruptcy and has announced plans to sell its business to listed real estate services company Newmark, the company said on Sunday. The pandemic has punished several workspace companies.…