‘Zombie’ Home Crisis Focus Of New Task Force

MASTIC BEACH, NY — As the coronavirus pandemic continues, the number of abandoned and foreclosed homes in Suffolk County continues to rise.

With an eye toward addressing an issue that has created significant blight and quality-of-life concerns in communities, the Suffolk County legislature, on Monday, approved a measure sponsored by Legislator Rudy Sunderman to create a task force convened to address the “zombie home” crisis, he said in a release.

“We have a widespread problem with vacant and foreclosed homes throughout Suffolk County,” Sunderman said. “Since taking office, I have worked hard within my own community to combat vacant homes through programs such as the Suffolk County Landbank Corporation, but more needs to be done.”

Over the past 15 years, the number of zombie homes in Suffolk County has increased due to the financial crisis of 2008 and Hurricanes Irene and Sandy in 2011 and 2012, he said.

“Zombie” properties

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Former WeWork Vice Chair Michael Gross Selling Los Angeles Mansion for $32 Million

The former vice chair of WeWork, Michael Gross, has put his mansion in the Brentwood neighborhood of Los Angeles back onto the market for $32 million. He bought the gated 1.2-acre compound, which comes with a French Normandy-inspired main house, a detached garage with guest/staff quarters, a pool house, and a

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Mott Foundation begins $1M ‘Focus on Flint initiative’ with $120,000 to help repair seniors’ homes

FLINT, MI — The Charles Stewart Mott Foundation has awarded its first grant in response resident’s responses to a community survey on how to spend $1 million to strengthen Flint neighborhoods.

The Genesee County Habitat for Humanity received $121,406 to provide home maintenance and repair services for seniors in Flint, according to the Mott Foundation.

The community-led grantmaking is part of the Foundation’s “Focus on Flint initiative.”

Read more: Mott Foundation asks Flint residents how it should distribute $1M in grants

“We’re excited to see work beginning on projects residents told us were important to them,” said Ridgway White, president and CEO of the Mott Foundation. “And our support for strengthening neighborhoods won’t stop here. We’ll be announcing more of these grants soon, and we’ll continue to seek input from Flint residents about their priorities for their neighborhoods and the community as a whole.”

Mott announced in August that it

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Commercial real estate, loan deferrals in focus at bank results

The falling number of loan deferrals was heartening, Australian Prudential Regulation Authority chairman Wayne Byres told a Citi conference earlier this month, but “we are still at the early stage of this working through the system. There is a lot of temporary support in place and the impact on bank balance sheets is yet to be felt.”

The market will closely watch for disclosures around commercial real estate exposure and stress.

Credit Suisse said it was the “key swing factor for bad debts”, with major banks having around $60 billion of exposure to the commercial real estate sector.

“In relation to commercial real estate specifically, the RBA noted that vacancy rates for commercial property are rising, putting pressure on landlords, which has been seen to a greater extent in the retail sector,” said Credit Suisse analyst Jarrod Martin.

“With rental conditions starting to deteriorate, [the RBA] flags commercial real estate

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UK retail sales rise for fifth straight month as shoppers focus on DIY

UK retail sales increased for the fifth consecutive month in September on the back of a rise in spending on DIY and household goods, according to official figures.

a person standing in a room: Photograph: Wavebreakmedia Ltd/Alamy

© Provided by The Guardian
Photograph: Wavebreakmedia Ltd/Alamy

The Office for National Statistics said the volume of retail sales rose by 1.5% between August and September, continuing a recovery in consumer spending from the biggest slump on record during the coronavirus lockdown earlier this year.

a person standing in a room: The volume of retail sales rose by 1.5% between August and September on the back of increased spending on DIY and household goods.

© Photograph: Wavebreakmedia Ltd/Alamy
The volume of retail sales rose by 1.5% between August and September on the back of increased spending on DIY and household goods.

Related: Waitrose and Co-op to cut prices of essential goods by average of 15%

In a reflection of resilient household spending despite growing concerns over a rapid increase in coronavirus infections, total retail sales were 5.5% higher than pre-pandemic levels in February.

Over the last quarter, retail sales volumes surged

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‘Long Island Divided’ housing bias focus of free webinar for real estate agents

The lessons of Newsday’s “Long Island Divided” investigation into housing discrimination on Long Island will be the focus of a free webinar for real estate agents on Friday.

The session, “Fair Housing, Is It?” will take place from 2 to 3:30 p.m., on the website of Real Estate Express, a Missouri-based provider of online courses. The panelists are Darlene Sweeney-Newbern, director of regional operations at the Ohio Civil Rights Commission, which enforces state civil rights laws; Anne M. Petit, superintendent of the real estate and professional licensing at Ohio’s Department of Commerce; Robert Kutschbach, a real estate broker and trainer in Ohio; and Leigh Brown, a North Carolina-based real estate broker, trainer and speaker.

“We need to educate individuals about housing discrimination, what is acceptable and what is not,” Sweeney-Newbern said in an interview. “I’m hoping that somebody will sit back and say, ‘What? I didn’t know that. Oops, I’ve

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