A report from Boston.com in Massachusetts. "'The Boston condo market is a great example of what’s happening nationally,' said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential. Buyers are simply leaving the city and heading to the suburbs.'…
A report from People Magazine. "San Francisco has seen a massive drop in apartment rental prices, a new report shows. Many other big cities across the country are seeing similar trends. According to Bloomberg, studio rents in Manhattan fell 15…
It's Friday desk clearing time for this blogger. "The number of active listings in the Northern Virginia Association of Realtors region at the end of September was down 5.6% from a year ago, but an encouraging sign for potential buyers…
A report from National Mortgage Professional. "'Four months into the pandemic, the 120-day delinquency rate for July spiked to 1.4%,' said Dr. Frank Nothaft, chief economist at CoreLogic. 'This was the highest rate in more than 21 years and double…
A report from Arlington Now in Virginia. "The number of condos listed for sale in Arlington during September (261) ranks as the 2nd most in any month over the last 10+ years, trailing a record-setting April 2016 volume (268) by…
A report from Bisnow New York. "Meridian Capital Group Senior Executive Managing Director David Schechtman noted he is working on a 'broken' condominium deal in Brooklyn upon which there is a $65M senior secured mortgage with $25M of equity behind…
A report from Realtor.com. "Steve Mariucc is prepped to take a loss on his New York City apartment. The NFL Network analyst has put the Upper East Side condo on the market for $2,595,000. The offensive guru purchased the three-bedroom…
A report from Bloomberg. "It was considered one of the root causes of the global financial crisis, and regulators have spent over a decade trying to stamp the practice out. Yet Kroll Bond Rating Agency Inc.’s $2 million fine this…
A report from Seattle PI in Washington. "Seattle condos are breaking records – well, it is not necessarily a good thing. Politics, protesting, poor city governance and the Coronavirus-epidemic have all contributed to a 130% increase in Seattle condos for…
A report from Market Watch. "Wall Street’s foray back into lending to homeowners with spotty credit isn’t looking great during the coronavirus pandemic. It’s still early days, but delinquencies on residential mortgages bundled into private bond deals, or without government…