A report from Mansion Global. "New York native David Kramer, president of Hudson Companies. What has the Covid-19 experience been like for the company? It’s a better time to be a buyer than a seller, a tenant than a landlord.…
A weekend topic starting with KPIX in California. "Rent collection has dropped from 80.4% nationally at this time last year to 75.4% at the start of December. Meanwhile tenants are fleeing urban centers left and right. 'I’ve even seen properties…
It's Friday desk clearing time for this blogger. "Gary Yard is a 56-year-old West Springfield homeowner facing foreclosure. When he and his wife took out a second mortgage on their three-family home in 2010, their interest rate jumped from 7.9%…
A report from DS News. "Delinquencies are at an all-time high— 'that's the headline,' Rick Shagra, SVP at RealtyTrac said but suggested that listeners consider some factors before panicking or view this like we would have viewed serious delinquencies a…
A report from Mortgage News Daily. "Black Knight says condos have seen a large increase in availability. This is especially apparent in some of those very cities, such as San Francisco, that homeowners are leaving in droves. While delinquencies spiked…
A report from Bisnow on Illinois. "High property taxes are a hot-button issue across the state, with many commercial owners already crying foul. 'When I used to give presentations on the state budget situation, I’d joke that we should make…
A weekend topic starting with Bisnow New York. "Cushman & Wakefield Vice Chair Joanne Podell, a veteran retail broker in New York City, speaks about the future of luxury strips like Fifth Avenue. 'There are two kinds of landlords,' she…
It's Friday desk clearing time for this blogger. "After a hefty price cut, Italian fashion scion Massimo Ferragamo has off-loaded his Manhattan apartment for $11 million, WWD has learned. Ferragamo found that his Manhattan duplex apartment had become surplus to…
A report from Denver 7 in Colorado. "A homeowner in Littleton says because he deferred his mortgage payments through the CARES Act forbearance program for those impacted by COVID-19. As soon as he was able to begin paying again, he…
A report from the Wall Street Journal. "U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now. The low level of employees at their desks is intensifying the pain for…