A report from the Palm Beach Post in Florida. "As the coronavirus spreads, travel and other economic activity has slowed or stopped. Florida’s $1 trillion economy relies on tourism more than most states, so the slowdown here is likely to…
A report from Bloomberg. "The U.S. housing market, which was headed for a hot spring-selling season, may not be so healthy after all. Some owners will choose not to list their properties until the crisis is over, fearful they won’t…
It's Friday desk clearing time for this blogger. "There are some very real discussions going on amongst real estate industry professionals on social media platforms and at ongoing conferences about what effect the virus may have on the industry. With…
It's Friday desk clearing time for this blogger. "Fannie Mae and Freddie Mac are expected to retain 'limited and tailored government support' after they are freed from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers. Mnuchin’s…
A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
A report from the Wall Street Journal on Nashville Tennessee. "This city has been a poster child for economic development, the good and the bad. Tax breaks and cash incentives have flowed. Tourists, sports teams and conventioneers have come. Hotels…
A report from Real Estate Weekly on New York. "The challenging market in Brooklyn has continued along a trend of gradual declines in prices and sales. Prices have fallen since this time last year across all unit types excluding co-ops,…
A report from Bloomberg. "Residential starts fell 9.4% to a 1.26 million annualized rate on weakness in the multifamily category after an upwardly revised 1.39 million pace in the prior month, according to government figures released Thursday that missed estimates in…
A report from The Naples News in Florida. "Has it become a buyers' market? Zillow, indeed, has declared it just that, now officially designating both the Collier and Lee County areas as cold markets. As of July, its freshest data,…
A report from Yahoo Finance. "Homebuilding last month leapt to its highest rate in 12 years, newly released construction data says. But the havoc wrought by last decade’s housing bubble has buyers wondering how to protect themselves if the market…