More than one-third of New York rentals were discounted during the second quarter as demand continues to slump thanks to the economic effects of the COVID-19 pandemic - including the flood of workers telecommuting instead of vying for limited rental
Week after week we continue to get economic numbers that are absolutely horrific, and it appears that we are heading for a housing crisis that will be even worse than what we witnessed in 2008.
Two-thirds of New Yorkers rent their homes, making it America's biggest rental market, and it's always had its own crazy kind of housing math. But with unemployment soaring and the typical rent about twice the national average, the numbers no lon
The virus pandemic and social unrest have sparked an exodus of city dwellers to rural communities and towns. Remote access for work, and the recession,
Manhattan apartment sales in the second quarter saw their biggest decline in three decades -- and the worst quarter on record -- as the real estate lockdown and urban flight after the Covid-19 crisis put a freeze on the market.
While recent home sales data has rebounded stunningly, Case-Shiller's home-price appreciation index was expected to show signs of slowing in April (always lagged) - the peak of the lockdowns across the states... but it didn't.
The lockdown of the economy by government order is proving to be a blunder of epic proportions. Coronavirus is still on the loose. Yet, as a result of the lockdown, the economy's been destroyed.
A record 32 million American adults were living with their parents or grandparents in April, according to the latest American Community Survey from the U.S. Census Bureau, an increase of 9.7 percent over a year ago.
We have survived year one living off the grid in a yurt in the Canadian wilderness. Year two off grid will include gardening, fruit tree orchard, log cabin, cob house, cob pizza oven, off grid full log cabin washroom/bathroom, and full solar panel a
Despite record low mortgage rates, soaring mortgage applications, and a modest rebound in new home sales, existing home sales were expected to tumble further in May.
As the virus pandemic has metastasized into an economic downturn, tens of millions of Americans have lost their jobs and are struggling to service mortgage payments.
As the virus pandemic has metastasized into an economic downturn, tens of millions of Americans have lost their jobs and are struggling to service mortgage payments.
Agents say that demand is soaring in affluent areas around the Bay Area such as Napa, Marin and further afield in Carmel, as people who have the means look to get away from the city.
This represents a major shift, because prior to 2020 we had seen a tremendous boom in real estate prices in large cities such as New York, San Francisco and Seattle.
One month ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical.