Big drop in Manhattan apartment prices begins to lure back younger renters

Manhattan real estate may be turning the corner. New rentals rose for the first time in over a year and sales activity has started to creep higher....(read more)

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Fed officials in 'robust' discussions about the future of their asset-purchase program

News about a vaccine doesn't mean that continued policy help isn't needed, San Francisco Fed President Mary Daly said ....(read more)

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Rental fraud warnings jump 30% due to coronavirus pandemic

A sharp increase in the use of online rental applications since the start of the coronavirus pandemic has caused a consequent jump in red flags for fraud....(read more)

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Biden-voting counties equal 70% of America's economy. What does this mean for the nation's political-economic divide?

Even with a new president and political party soon in charge of the White House, the nation's economic standoff continues. Notwithstanding President-elect Joe Biden's solid popular vote victory, last week's election failed to deliver the kind of transformative reorientation of the nation's political-economic map that Democrats (and some Republicans) had hoped for. The data confirms…             ...(read more)

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Reduced Turnover in Construction Labor Market

The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5% gains in August and July. The peak rate of hiring in 2020 occurred in May (9.7%). Construction sector layoffs have been low since May... Read More › The post Reduced Turnover in Construction Labor Market first appeared on Eye On Housing ....(read more)

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NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 1.1% YoY in November

From the NMHC: NMHC Rent Payment Tracker Finds 80.4 Percent of Apartment Households Paid Rent as of November 6 The National Multifamily Housing Council (NMHC)'s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by November 6 in its survey of 11.5 million units of professionally managed apartment units across the country. This is a 1.1 percentage point, or 131,712 household decrease from the share who paid rent through November 6, 2019 and compares to 79.4 percent that had paid by October 6, 2020. These data encompass a wide variety of......(read more)

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Fed's Kaplan concerned about next six months as virus surges

(Reuters) - Dallas Federal Reserve President Robert Kaplan said on Tuesday he was "cautious and concerned" about downside economic risks in the short run because of the resurgence of the coronavirus, but more optimistic in the longer term....(read more)

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