Wall Street Journal, Aug. 2, 2020–Robert SuttonEven when the pandemic ends, many employees will continue to work from home. Here’s how managers can make sure those workers stay productive–without burning …
Category: Top National News
Mortgage Outlook: Recession Presses Down on August Rates
MSN, Aug. 3, 2020–Holden LewisMortgage rates are likely to set record lows in August for the third month in a row.https://www.msn.com/en-us/money/realestate/mortgage-outlook-recession-presses-down-on-august-rates/ar-BB17vv0T
State Can Now Revoke Real Estate Licenses for Discriminatory Practices
The Real Deal, Aug. 03, 2020–Erin HudsonNew York regulators now have the power to revoke real estate licenses if agents or brokers are found to have violated anti-discrimination laws.https://therealdeal.com/2020/08/03/state-can-now-revoke-real-estate-licenses-for-discriminatory-practices/
Plummeting Mortgage Rates Afford Buyers $32,000 More For a Home
National Mortgage News, Aug. 03, 2020– Paul CentopaniAs mortgage rates fluttered above and below 3% in July, homebuyers received their biggest boost in affordability in three-and-a-half years, according to Black …
Retail Rents Plummet Across New York City as America’s Glitzy Shopping Districts Turn Into Ghost Towns
CNBC, Aug 3, 2020–Lauren ThomasAmerica’s most expensive shopping districts are losing tenants and rents are in a free fall. Average asking rents along 16 major retail corridors in Manhattan declined …
The Top 10 CRE Buyers and Sellers in the First Half of 2020
National Real Estate Investor, Aug. 3, 2020While the COVID-19 pandemic has severely disrupted the investment sales market, some commercial properties still traded hands in the first half of 2020.https://www.nreionline.com/investment/top-10-cre-buyers-and-sellers-first-half-2020?
Opinion: Mortgage Applications for Suburban Homes are Surging as Buyers Try to Escape the Coronavirus Pandemic
MarketWatch, Aug. 1, 2020–Sanjiv DasHome buyers increasingly are looking to less densely populated areas like the suburbs, according to loan consultants at Caliber Home Loans.https://www.marketwatch.com/story/mortgage-applications-for-suburban-homes-are-surging-as-buyers-try-to-escape-the-coronavirus-pandemic-2020-07-31
Where a Little Mortgage Goes a Long Way
New York Times, Aug. 2, 2020–Matthew GoldsteinThe Shawnee neighborhood in Louisville, Ky., is a paradox: The houses are affordable, but they can be difficult to buy. The prices are so …
America’s Saw Mills Didn’t See This Building Boom Coming
Wall Street Journal, Aug. 2, 2020–Julia-Ambra Verlaine, Ryan DezemberLumber prices are soaring as saw mills struggle to meet demand. Home builders are rushing to meet soaring demand for houses, stoked …
U.S. Consumer Spending Presses Ahead; Declining Income Poses Challenge
Reuters, July 31, 2020–Lucia MutikaniU.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be …