A report from CNBC. "As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing payments in June, according to Apartment List. That’s up from 24% who missed their payment just…
A report from Mortgage Professional America. "The Federal Housing Finance Agency on Monday warned Congress that Fannie Mae and Freddie Mac could not withstand a serious economic downturn and asked for the authority to develop more stringent capital standards for…
A report from the Huffington Post on Canada. "Rental rates across Canada have fallen for three straight months and are down 7.8 per cent, on average, from before the pandemic, rental site Rentals.ca reported this week. Larger cities have been…
A report from the Commercial Observer on New York. "The Real Estate Board of New York, the powerful real estate lobbying firm, laid off staff and slashed executives’ salaries because of a decrease in membership dues caused by the coronavirus…
A report from the Wall Street Journal on New York. "The coronavirus lockdown has frozen Manhattan’s luxury real-estate market, with the volume of deals slowing to a trickle over the past three months. But one developer said he’s seeing signs…
A report from Daily Mail Australia. "Rents for inner Sydney apartments have been slashed by up to $400 a week as desperate landlords grapple with a shrinking pool of tenants and rising vacancies. Housing experts say the current rental market…
A weekend topic from the Wall Street Journal. "When Donald Trump won the presidential election in 2016, Chinese leaders were stunned. They had focused on the prospect of a Hillary Clinton victory. They immediately put out feelers to their oldest…
A report from The Real Deal on New York. "Exactly one year ago, New York’s real estate industry was facing a crisis. The legislature had just agreed to a tenant-friendly upheaval of rent regulation. 'It used to be that investors…
It's Friday desk clearing time for this blogger. "In the city of Los Angeles, where Greta Arceneaux’s property is, tenants who have been impacted by the virus will have up to 12 months from the end of the city’s emergency…
A report from Seattle PI in Washington. "The median home price for closed sales in King County dropped month over month, from $650,000 to $627,000. 'I don’t think anyone should be surprised that home prices in King County took a…