A report from Bloomberg. "A crisis in credit markets deepened over the weekend and into Monday as a cluster of funds that own mortgage bonds sought to sell billions in assets to meet investor redemptions, sparking pleas for government intervention.…
A report from Fortune Magazine. "Zillow has temporarily stopped its home buying operations in 24 states due to the outbreak. 'Given the concerns for public safety and rapid developments by governments that restrict local real estate activities, we determined it…
A report from the Tampa Bay Times in Florida. "The current crisis was not caused by pre-existing economic weakness. 'There was little evidence of an approaching downturn as recently as a month or two ago,' said Gary Burtless, an economist…
A report from the Wall Street Journal. "Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to people…
It's Friday desk clearing time for this blogger. "Auction.com reported in January that experts predict foreclosure and REO inflow will increase in 2020, with most of the influx coming for government-insured loans. 'Most in the default servicing industry expect government-insured…
A report from CNBC. "Just last week, Zach Jacobs and his wife had 95% of their Tampa, Florida, Airbnb’s dates booked for the next three months. By Sunday, that number had dwindled down to 5% as the coronavirus outbreak began…
A report from Crain's New York Business. "The city’s hotel industry is in free fall, as occupancy and room rates have plunged and a growing number of chains have shuttered locations due to the dramatic drop-off in business as a…
A report from the Wall Street Journal. "The coronavirus has been sending shares of elder-care facilities into a tailspin over concern that any additional contagion in senior-care buildings could hurt operations and lead to occupancy declines. Shares of health-care real…
A report from the Wall Street Journal on Texas. "The Houston office market is poised to become the next commercial real estate victim of the economic shock waves from the coronavirus crisis. Houston’s problems also are closely watched along with…
A report from the Times of London in the UK. "'For UK corporates, this is their Waterloo,' said a restructuring expert. 'What happens over the next few weeks will define what happens over the next few years, and whereas the…