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…
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…
A report from Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being disastrous is the boom in mortgage refinancings.…
A report from Arlington Now in Virginia. "This week’s key figure is… 20 percent. During the last week, we’ve seen approximately a 20 percent increase in local listings spanning single-family homes, townhouses and condominiums. Spin it however you’d like folks,…
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…
A report from Habitat. "The Federal Housing Finance Agency (FHFA) implemented measures in March to ensure that millions of homeowners weren’t put out on the street in the middle of a pandemic. Protections include a moratorium on foreclosures for anyone…
A weekend topic starting with the Texas Tribune. "When Kathy Whitmire ran for Houston mayor in 1981, helicopters were among the top sources of municipal strife. Residents of the Memorial neighborhood were irate over the daily noise of west Houston…
It's Friday desk clearing time for this blogger. "Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system. Now, many of…
A report from Bloomberg. "As America heads into a deep recession, the $11 trillion residential-mortgage market is in crisis. Investors who buy home loans packaged into bonds are dumping even those with federal backing because of panic that millions might…
A report from Chicago Magazine in Illinois. "Chicago’s luxury condo market has cooled off significantly since 2018, but don’t expect a Manhattan-style meltdown. In a plunge described by commentators as a 'bubble' and 'bloodbath,' the median price of high-end condos…