NEW YORK CITY- The coronavirus pandemic, also known as
COVID-19, has put a spotlight on New York City’s economy and the
vulnerabilities of its financial sectors, which none are immune to the impacts
brought on from the present health and economic crises.
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On a typical March day, Beth Livers, a broker associate at
Berkshire Hathaway Home Services in Vero Beach, would be showing several homes a day to prospective
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Denny Grimes stood on stage at The News-Press’ annual Market
Watch event one month ago, declaring that 2020 would beat out 2019 as the best
year that the Southwest Florida real estate market has ever seen.
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The first rent payments since the Philadelphia region went
on lockdown to try to stop the spread of the coronavirus are due in a week, and
property owners and managers are anxiously waiting to see what happens.
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Curious just how far your dollar goes in Philadelphia?
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Major U.S. retail and restaurant chains, including Mattress
Firm and Subway, are telling landlords they will withhold or slash rent in the
coming months after closing stores to slow the coronavirus, according to people
familiar with the situation.
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Lawmakers are working to reach an agreement on a massive
stimulus package to combat the economic impact of coronavirus. Real estate
investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial
mortgages are on the brink of collapse and that we are seeing the beginning of
“a second crisis that will occur in the financial markets” if immediate action
is not taken by Congress. He joins “Squawk Box” to discuss.
CNBC’s Rick Santelli and Diana Olick take a look at a series
of new data on housing for the month of February.
“Where are we in the
real estate cycle?” This is the No. 1 question I am asked by family offices
when it comes to real estate investing. With the proper knowledge about this
cycle, family offices can prepare accordingly for what the future holds in real
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The real estate scene in Connecticut has changed. Disruption
from millennials paired with a slow-to-recover Connecticut economy and naturally
changing tastes and styles has led the housing market in general to trend
toward condos or homes with smaller, more manageable properties. Buyers are
also increasingly looking for proximity to town centers and avoiding
fixer-uppers. Here’s a look at what people from various generations are
generally looking for in their homes these days, according to real estate pros.
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