Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
Rents in San Francisco are still crazy-overpriced.
No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
We’ve lost half-dozen retailers — restaurants, clothing, massage… Tenants who in effect said, sue me, I’m taking a hike. And replacement shop tenants are just behind spotted owls on the endangered species list.
The kids are jumping ship and they’re not coming back.
“I’ve stopped defining worst-case scenarios because they keep getting worse every week”: San Francisco’s controller.
Holy cow, Los Angeles. The economy is gradually opening up. But the exodus has started hard and heavy. And the influx has stopped.
“Insured unemployment rate” in California spiked to 27.7%, “continued claims” hit 4.8 million. In terms of “initial claims,” Georgia & Florida move into 1st and 2nd, ahead of California.
“The next big shoe to drop will be when appraisers call a declining market in early August.”
CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.