Mid-Year Housing Bubble Predictions
What's your housing bubble prediction? From six months ago. "The end of the year is going to be very different from the beginning of the year. The year will start off well, and those in defensive positions (cash, The Precious)…
Some Will Just Exit The Market, While Others Will Go Bust
It's Friday desk clearing time for this blogger. "Not being able to pay rent is a big stressor as thousands of Washingtonians remain unemployed. It’s causing stress not only for tenants but also for small mom and pop landlords. 'My…
Vacant Units Have No Value
A report from the New York Times. "The coronavirus has dealt a blow to the Manhattan real estate market unmatched in recent history, and the prospects of a near-term recovery remain unclear. The median sales price fell 17.7 percent, compared…
Some People Are Just Not Going To Get Mortgages
A report from the Wall Street Journal. "The new coronavirus epidemic in New York obliterated the spring selling season, according to a Wall Street Journal analysis. Apartment sales were down 54% in the second quarter compared with the same quarter…
It’s Literally A Race To The Bottom
A report from ABC News in Australia. "Owners of units in Sydney's Opal Tower have launched legal action against the NSW Government after discovering more than 500 new defects in the beleaguered building. Apartment owner Andrew Neverly said he had…
The Rapidly Expanding Volume Of Troubled Debt
A report from CBS 12 in Florida. "Florida is ranked fifth in the country for mortgage delinquency, according to Black Knight. Right now there are almost 94,000 unemployment claims in Florida according to the state's Department of Economic Opportunity. Despite…
This Loan Should Not Have Been Approved
A report from Medium on California. "Jurdon Gold had been a renter almost his entire life. Born Oakland, Gold, like many in the Bay Area, had never lived in a house he or his family owned. That changed in 2015,…
The Smart And Patient Buyers See What’s Happening
A weekend topic starting with Danielle DiMartino Booth at Bloomberg. "The Covid-19 pandemic arrested the plans of millions of Americans to purchase a home. But what if you lock someone down in a home they had already mentally moved out…
This Is The Big Bad Wolf
A report from the Oregonian. "Tenants who still have a source of income are finding that rents are flattening, to their benefit. And some apartment managers, hoping to fill units in a market that had a recent flood of new…