What I’m Reading
Checked Out: Buyers are spending more time than ever in their vacation homes. Mansion Global See Also: A new homes.com survey found that 45% of respondents would move if they could work remotely. Forbes
Soaring: Home equity reached a record high in 2020 as American homeowners gained a whopping $1 trillion. Core Logic See Also: Mortgage originations are on pace for their best year ever, surpassing even the housing bubble. Wall Street Journal
Counter Intuitive: Why surprise inflation could actually push the Federal Reserve to ease financial conditions even further. Bloomberg
Perfect Storm: From moratoriums, to a hardening insurance market, to rising defaults, CMBS servicers are in for a rocky 2021. MBA Newslink
Adaptive Re-Use: The pandemic has created a crisis in New York City’s commercial real estate industry. Some leaders think it’s time to reimagine the city’s business districts by converting office buildings to apartments. New York Times
In Limbo: Several challenges to the CDC’s anti-eviction mandate on the grounds of abuse of executive power are making their way thorough the court system. New York Law Journal
Chart of the Day
Source: Green Street
WTF
2020 Madlibs: A desperate Joe Exotic penned a note to porn star Kim Kardashian to ask her to lobby President Donald Trump for a pardon before he leaves office in January. Daily Mail
Pick Me Up: A drug company issued an urgent recall after accidentally shipping Viagra with anti-depressant medication. (h/t David Landes) Daily Mail
Basis Points – A candid look at the economy, real estate, and other things sometimes related.
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