A report from 4WWL in Louisiana. "Many operators of short-term rentals in New Orleans are seeing a dramatic drop in bookings during the pandemic. 'So that’s become a real problem especially for the host that purchased properties as a function…
A report from the Globe and Mail in Canada. "In June, the Toronto Regional Real Estate Board reported that the average price in the Greater Toronto Area sailed to a record high of $930,869. Real estate broker Farrell Macdonald says…
A report from Geekwire. "'We’re running naked through the jungle with a Bowie knife clenched between our teeth, which is the way Redfin was born to be,' CEO Glenn Kelman told analysts. 'We’re omnivorous. We’re going to try to take…
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…