Mortgage Professional America, Apr. 9, 2020–Kasi JohnstonEarly impacts from the effects of the COVID-19 pandemic on the U.S. housing market are now apparent, as first quarter reports show early declines …
Category: Top National News
31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
New York Times, Apr. 8, 2020–Conor Dougherty As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. www.nytimes.com/2020/04/08/business/economy/coronavirus-rent.html?
New York City Apartment Leases Tumble While Renters Stay Put
Bloomberg, Apr. 9, 2020–Oshrat Carmiel New York apartment leases plunged last month as coronavirus stay-at-home orders kept the city’s renters from moving. www.bloomberg.com/news/articles/2020-04-09/new-york-city-apartment-leases-tumble-while-renters-stay-put?srnd=premium =
With Millions Unemployed, Hotel Industry Lobbies to Spend Stimulus on Other Needs
Washington Post, April 14, 2020–Jonathan O’Connell Hotels were among the earliest businesses to feel the economic sting from coronavirus shutdowns and the first to ask Congress for aid, as top …
Avoiding a COVID-19 Disaster for Renters and the Housing Market
Urban Institute, Apr. 13, 2020–Laurie Goodman, Dan Magder This brief examines the consequences of not helping renters, the assistance that has already been provided through the Coronavirus Aid, Relief, and …
Chris Tomlinson: Time for Some Kind Bargaining in Commercial Real Estate
Houston Chronicle, April 13, 2020–Chris Tomlinson Good businesspeople know how to strike a deal that benefits all parties, and in the time of COVID-19, responsible businesspeople will negotiate deals where …
CRE’s Potential Winners and Losers in a Virus-Hit World
National Real Estate Investor, Apr. 13, 2020–Elaine Misonzhnik COVID-19 will likely leave the world and the commercial real estate industry looking different than before. Here’s how the current pandemic could …
Fed Minutes Reveal Alarm Over Coronavirus Disruptions to Economy, Market
Wall Street Journal, Apr. 8, 2020–Nick TImiraos (subscription)Federal Reserve officials reacted with growing alarm to market disruptions prompted by the spreading coronavirus pandemic in March, prompting them to cut interest …
Property Bets Lose Curb Appeal in the Age of Coronavirus
Wall Street Journal, April 3, 2020–Stephen Wilmot (subscription)Landlords face protracted negotiations with tenants over rent payments while the doors to shops, restaurants, hotels and gyms remain shut.https://www.wsj.com/articles/property-bets-lose-curb-appeal-in-the-age-of-coronavirus-11585906227
Mall Owners Worried over Mortgage Payments as Retailers Skip Rent
CNBC, Apr. 6, 2020–Lauren ThomasRetailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners increasingly worried about meeting their own obligations.https://www.cnbc.com/2020/04/06/mall-owners-worried-over-mortgage-payments-as-retailers-skip-rent.html