A report from the Globe and Mail in Canada. "In June, the Toronto Regional Real Estate Board reported that the average price in the Greater Toronto Area sailed to a record high of $930,869. Real estate broker Farrell Macdonald says…
A report from ABC News in Australia. "Owners of units in Sydney's Opal Tower have launched legal action against the NSW Government after discovering more than 500 new defects in the beleaguered building. Apartment owner Andrew Neverly said he had…
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…
A report from Bloomberg. "As the outbreak spreads, real estate markets in the U.S. and other countries that rely on Chinese buyers face a looming crisis as deals languish and potential purchases are delayed indefinitely. From Vancouver to Singapore, realtors…
A report from the Wall Street Journal on New York. "An investment firm owned by Japan’s SoftBank Group Corp. bought the defaulted mortgage on a downtown luxury condo tower, the latest sign that a wave of investors is scavenging the…
A weekend topic starting with an editorial by Paul Krugman. "I’m in Spain right now, talking about zombie ideas — ideas that should have been killed by evidence, but just keep lurching along. And as it happens, the experience of…
It's Friday desk clearing time for this blogger. "Fannie Mae and Freddie Mac are expected to retain 'limited and tailored government support' after they are freed from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers. Mnuchin’s…
A report from the Wall Street Journal. "China’s home-price growth slowed to an 18-month low in January, but it looks set to fall a lot further as Beijing’s long-running attempts to rein in the property market meet with effects from…
A report from The Real Deal. "For New York’s condo market, recent developments in China may simply confirm what has been common knowledge for some time — the once-booming market for mainland Chinese buyers has long died down, amid tight…
A report from the Wall Street Journal. "Chinese investors sold off billions more in U.S. commercial property last year than they bought, as other foreigners start to sour on the U.S. market as well. Foreign investors were net sellers of…