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…
Two reports from the Wall Street Journal. "Brookfield Property Partners is canceling plans to redevelop a former Vermont mall as an office and residential development, a sign that the slumping economy could be upending the firm’s strategy of buying and…
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 CNBC. "A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC. 'This really could be catastrophic, and it extends beyond just…
A report from ABC 7 in California. "Walking through San Francisco's South of Market and Financial District feels like a ghost town. 90-percent of the city's workforce is working from home and people are leaving the city. One pocket hit…
A report from the Philadelphia Inquirer in Pennsylvania. "Economic uncertainty during the pandemic has led banks to tighten their lending standards. The supply of mortgage credit has fallen by more than 30% from February to June, according to the Mortgage…
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…
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…
A report from the Review Journal in Nevada. "Las Vegas mortgage delinquencies rose sharply after the coronavirus pandemic devastated the economy. Payments were at least 30 days late on 8.5 percent of Southern Nevada home loans in April, up more…