A weekend topic starting with the Oregonian. "Despite stay-at-home orders, the coronavirus pandemic, high unemployment and an unsure global economy, people are buying homes in Oregon. 'People are willing to overpay for what they want because of lending rates,' says…
A report from Commercial Property Executive. "The expectation among many in the commercial real estate field is that commercial mortgage lenders are actively looking to make new loans, or refinance existing loans, at very low rates to match. This is…
A report from CNBC. "A surge in rental property evictions could have a domino effect on the broader housing market and economy, Tendayi Kapfidze, chief economist at LendingTree, told CNBC. 'This really could be catastrophic, and it extends beyond just…
It's Friday desk clearing time for this blogger. "'It was becoming clear the economic boom of the past 10 years was not sustainable, and that the 2020 assessment roll would reflect the apex of 10 consecutive years of economic prosperity,'…
A report from ABC 7 in California. "Walking through San Francisco's South of Market and Financial District feels like a ghost town. 90-percent of the city's workforce is working from home and people are leaving the city. One pocket hit…
A report from the Globe and Mail in Canada. "New condo sales in the second quarter in the Toronto region fell to their lowest level since the Great Recession. Condo weakness is also playing out in the resale market. For…
A report from Bloomberg. "The commercial property market has largely been frozen as buyers and sellers struggle to agree on what buildings are worth. Transactions for apartments plunged 70% in the second quarter compared with a year earlier, according to…
A report from the Denver Post in Colorado. "It is unlikely that Denver Metro will experience a bursting housing bubble this year. The steady stream of demand from homebuyers should keep home prices within a healthy range. It is also…
A report from Now Toronto in Canada. "Toronto’s priciest real estate had the steepest declines. The Rosedale and Moore Park area plunged 15.2 per cent from $3,687,292 to $3,127,643. The Bridle Path and Windfields area were not far behind. The…
A report from Market Watch. "For the past several months, wealthy buyers in search of safety and personal space have flocked to vacation and single-family home markets across the country, leaving some new condo developments out in the cold. But…