A press release from Redfin. "The U.S. housing market has been on fire this year. But the condo market has missed out on much of the gains. 'Before the pandemic, it was challenging to find a condo in Seattle for…
A report from the Boston Globe in Massachusetts. "Greater Boston Association of Realtors noted that within the City of Boston, which accounts for about one-third of the region’s condo market, sales were up just 1 percent and the median price…
A report from the Review Journal in Nevada. "Las Vegas’ housing market is defying logic. It has heated up with fast sales and a monthslong streak of record prices despite the bleak economy, raising the question locals often ask: Is…
A report from the Los Angeles Times in California. "In the 90210 ZIP Code, based on 30 sales, the median price for single-family homes in September was $4.518 million, down 27.1% year over year, according to CoreLogic." The San Diego…
A report from Forbes on New York. "'This certainly doesn’t look good,' Victor Rodriguez tells me. Rodriguez is Director of Market Analysts for real estate intelligence firm CoStar Group. 'The problem for New York City’s office and residential markets is…
A report from the Wall Street Journal. "Isaac Kassirer was at the forefront of one of the hottest trends in commercial real estate. He borrowed from global investors by promising to gentrify apartment buildings in New York’s low-income neighborhoods and…
A weekend topic starting with the Associated Press. "While REITs overall are lagging the broader stock market this year, apartment REITs are among the worst-performing. The 15 apartment REITs included in the Nareit index have a negative total return of…
A report from the South Florida Business Journal. "The Related Group proposed a 37-story apartment building with no on-site parking in downtown Miami. There’s an over-supply of condos on the market in downtown Miami and condo sales have slowed during…
It's Friday desk clearing time for this blogger. "Oh, how the mighty have fallen. San Francisco saw the biggest year-over-year drop in rental costs in September, but Boston wasn’t far behind, according to Zumper. The median price for a one-bedroom…
A report from the Port Charlotte Sun in Florida. "Matthew Harden turned himself in to law enforcement Monday in Hamilton County, Florida. Harden, 53, and his partner Stephen Dukes, 47, owned the now-defunct HD Custom Homes in Englewood. Charlotte County…