A report from Reuters. "U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled. The report from the Commerce Department on Tuesday added to dismal data this month showing a staggering loss of 20.5…
A report from ABC News in Australia. "House prices are tipped to fall by 11 per cent over the next three years as the COVID-related economic downturn bites, and for one group of Australian homeowners, it could not come at…
A report from the Wall Street Journal. "In April and May, 354 apartment and office properties started missing payments on $7.1 billion in mortgages, according to Trepp LLC, which only includes loans packaged into mortgage bonds. That is up from…
A report from the Huffington Post on Canada. "Advertised rental rates are on a downward slide in many cities. Some of the priciest cities saw some of the steepest drops. One-bedroom units in Toronto fell 4 per cent in April…
A report from CNBC on New York. "New leases for Manhattan apartments plunged by 71% in April, and vacancies soared as the rental market froze amid the coronavirus pandemic and more residents left the city, according to a new report.…
A report from the Globe and Mail in Canada. "Canadian home sales tanked and price dipped in April over the previous month, marking the weakest activity since 1984. Last month, 16,612 homes were sold on a seasonally adjusted basis, down…
A report from the Star Advertiser in Hawaii. "Munro Murdock, founder of Love Hawaii Realty and Love Hawaii Villas, was living the dream up until a few months ago, helping owner clients generate millions of dollars in vacation rental revenue.…
A report from Summit Daily in Colorado. "People in the short-term rental business are still looking toward the future with anxiety and trepidation as the county’s ban on short-term lodging looms over their financial stability. Patty Whetham owns Breckenridge Rental,…
It's Friday desk clearing time for this blogger. "Guy Therien saw a house on a five-acre property outside of Sherwood last year that he says was beyond his wildest dreams. The Parrett Mountain estate was for sale, but he couldn’t…
A report from WGBH. "Existing home sales fell nearly 9% in March, according to the National Association of Realtors, as millions of Americans lost their jobs to the coronavirus pandemic and millions more hunkered down to avoid getting sick. April's…