Blog

The White House declared rent evictions until Dec. 31 a national health hazard

September 3, 2020

The White House issued an order Tuesday through the Centers for Disease Control and Prevention that declared evictions during a pandemic a national health hazard, protecting U.S. renters from losing their homes during the COVID-19 pandemic. The CDC’s moratorium will apply to all rental units nationwide until Dec. 31 and goes into effect immediately, senior…

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August’s Recoveries in Rent Collections

September 2, 2020

Nareit conducts a monthly survey of REIT rent collections in the wake of the COVID-19 pandemic and related economic dislocation. The improvement in the shopping center segment in August was more notable as it continued to show a positive impact of the economic reopening. Given that rent collections in the industrial, office, and healthcare sectors…

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US Housing Market recovers with the help from Millenials

August 31, 2020

Millennials currently comprise the largest generation in the U.S., according to Pew Research. This generation, once marked by ambivalence or inability to buy homes, has begun to reconsider its goals – powering this year’s housing-market rebound. In 2020, millennials will be buying the bulk of real estate in the U.S., according to Realtor.com’s “2020 Housing Market Predictions.” In…

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Updates in Manhattan’s Real Estate Market

August 27, 2020

The Manhattan real estate market is currently in better shape now than it was during the peak of the Great Recession, according to a recent analysis by real estate market data firm UrbanDigs, though it remains to be seen how far it has to fall.  “This is partly because the impetus of the Great Recession was…

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20% to 25% of American malls will close within five years

August 26, 2020

Before the coronavirus hit, America’s most valuable malls were driving billions of dollars in sales annually, contributing hundreds of millions of dollars to local tax coffers. Now, nobody knows what those numbers are going to look like coming out of the Covid-19 crisis — other than definitely being a lot less.  Between 20% and 25% of American malls…

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United States no longer leads Commercial Real Estate investment

August 24, 2020

Investment volumes in the American region saw the biggest half-yearly decline, with a 37 percent fall. Volumes in Asia Pacific dropped 32 percent. The EMEA region saw activity fall 13 percent, a relative outperformance due to pre-COVID deals that carried into the first half. Direct commercial real estate investment fell 29 percent globally to $321…

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Housing Production showed Impressive numbers for July

August 20, 2020

The construction of new houses has shown an impressive turnaround from the coronavirus-related decline. Single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6% to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This…

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Mortgage Applications decreased according to the latest MBA Weekly Survey

August 19, 2020

Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 14, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,…

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Retail sales rose to $536 billion in July

August 17, 2020

Signs that the economy is slowly recovering, directly impacting the retail industry can be shown in the month of July. Retail sales rose 1.2% for the month, approximately $536 billion according to the Census Bureau. Despite weakness in auto-related sales, that total is still 2.7% above the 2019 result. Excluding autos, the gain was 1.9%,…

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NYC Landlords are offering free months of rent to lure possible tenants as the number of empty apartments continue to increase

August 13, 2020

Landlords are facing a big challenge as New Yorkers fled the city, resulting to an estimate of 13,000 empty apartments for rent – the highest level in history ever reported. The number of apartments for rent, or listing inventory, more than doubled over last year and set a record for the 14 years since data…

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