A report from The Real Deal on Florida. "The supply of unsold condos is growing in downtown Miami, as the pandemic continues to pummel South Florida’s economy. Greater Downtown Miami has more than 30 months — or two-and-a-half years —…
A report from Business Insider. "Overall mortgage delinquencies rose a seasonally adjusted 8.22% in the second quarter, according to the MBA. That marked a nine-year high, and a nearly 4% increase from the previous quarter, the largest quarterly jump in…
A report from Arlington Now in Virginia. "What a difference a few months can make. We’ve certainly seen the COVID-19 pandemic make its mark on the Just Reduced column. At the beginning of the year we were seeing only a…
A report from Geekwire. "'We’re running naked through the jungle with a Bowie knife clenched between our teeth, which is the way Redfin was born to be,' CEO Glenn Kelman told analysts. 'We’re omnivorous. We’re going to try to take…
A report from Commercial Property Executive. "The expectation among many in the commercial real estate field is that commercial mortgage lenders are actively looking to make new loans, or refinance existing loans, at very low rates to match. This is…
A report from Bloomberg. "The commercial property market has largely been frozen as buyers and sellers struggle to agree on what buildings are worth. Transactions for apartments plunged 70% in the second quarter compared with a year earlier, according to…
A report from Now Toronto in Canada. "Toronto’s priciest real estate had the steepest declines. The Rosedale and Moore Park area plunged 15.2 per cent from $3,687,292 to $3,127,643. The Bridle Path and Windfields area were not far behind. The…
A weekend topic starting with Senior Housing News. "Senior housing capital markets remain unstable. Titan SenQuest Management CEO Kevin Kaseff believes that, while the pandemic hastened a bear market, this is actually the beginning of a market correction. 'This [looks…
It's Friday desk clearing time for this blogger. "Hedge funds and mutual funds are among bond holders that could lose $2 billion as a consequence of U.S. lawmakers letting millions of homeowners delay their mortgage payments. At stake are so-called…
A report from Denverite in Colorado. "For the first time in a decade, rents went down in metro Denver. 'For rents to go down is unusual,' said Mark Williams, executive vice president of the Apartment Association of Metro Denver. He…