A report from the Sydney Morning Herald in Australia. "The accommodation apocalypse that hit short-stay Airbnb apartment owners and operators in Sydney and Melbourne is leading to an oversupply of long-term rentals, sharply driving down rents. The sudden halt to…
A report from the American Statesman in Texas. "Last month, Central Texas housing market expert Charles Heimsath anticipated that sales could plummet by 30% over the next three months, in what typically are among the busiest months for residential real…
A report from Yahoo Money. "With the jobless rate spiking into the double digits, more Americans may look to unlock the wealth tied up in their homes to get through the crisis. Problem is, banks won't give up the key.…
A report from Capital and Main. "On a normal day, Marcella Nolan would be flashing her smile in the aisles of a Restaurant Depot, giving away samples and drumming up sales for the food brokers who hire her as an…
A report from Toronto Storeys in Canada. "Toronto’s real estate market took another hit in April, with the average rent for both 1 and 2-bedroom apartments down on a year-over-year basis, according to new data from the Toronto Regional Real…
A report from WFTV in Florida. "It sounds simple and safe. Homeowners who lost jobs can skip mortgage payments now, then repay at the end of the loan. But some federal lawmakers, who helped pass the CARES Act that allows…
A report from The Merced County Times in California. "CEO Josh Stech, described Sundae, which is funded by Silicon Valley venture capitalists and has offices in San Francisco, Manhattan Beach and San Diego, as a business which specializes in a…
A report from Bisnow on New York. "Developers in New York City with pricey luxury apartments to sell were facing an uphill battle in 2020, faced with a supply glut and waning demand. The hill has only gotten steeper the…
A report from the Wall Street Journal. "Ann Winn called her mortgage company to see about pausing payments in late March, soon after she had to shut down the salon she owns in a suburb of Austin, Texas. What followed,…
It's Friday desk clearing time for this blogger. "It was already going to be a challenging spring in Manhattan, where prices are down about 20 percent from the peak in 2016 amid a glut of luxury condos. In a small…