A weekend topic starting with the Los Angeles Times. "The Luxe Rodeo Drive is the first high-end hotel in the Los Angeles area to go out of business because of the pandemic, and industry experts point to an unusually high…
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…
It's Friday desk clearing time for this blogger. "About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data. About 1.06 million…
A report from the Globe and Mail in Canada. "In downtown Vancouver, the condo market has softened considerably, with prices coming down as more units come onto the market. Vancouver realtor Ian Watt is seeing many of those downtown condo…
A report from the Daily Independent in Arizona. "'They were warned. They were warned. They were warned again. There is no satisfaction in being able to say, ‘I told you so,’ said Roland Murphy, an independent commercial real estate market…
A report from Forbes. "A startling number of homeowners struggling to pay their mortgages aren’t sure if they’ll face eviction soon. Some 16% of Americans who responded to the latest Census Bureau Household Pulse Survey—that’s a whopping 1.34 million people…
A report from the Globe and Mail in Canada. "Starting Thursday, Toronto homeowners must register with the city if they want to fill their units for any period less than 28 days. The new registration process is one of a…
A report from the Denver Channel in Colorado. "Daniel and Linda Sue Gonzalez are still moving into their home. The problem, according to the Gonzalez family, is the dozens of finishes and fixes that are still pending. They bought the…
A report from ABC News on New York. "'Everyone's scared. A lot of major landlords are extremely nervous,' Chris Okada, a broker and investor in Manhattan, told ABC News. 'I mean, the Upper East Side is a ghost town. There…
A weekend topic starting with the Star Press in Indiana. "In its general form, Gresham’s Law tells us 'the bad crowds out the good.' Whether it’s in currency, politics or in the realm of ideas, this modest proposition warns us…