A recent survey released by UC Berkeley’s Terner Center for Housing Innovation and the National Association of Hispanic Real Estate Professionals highlights the plight of housing providers during the COVID-19 pandemic. This study reinforces Time Magazine’s story “How Eviction Moratoriums are Hurting Small Landlords” (June 11, 2020).
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Goldman Sachs has turned more optimistic on the outlook for US economic growth, based on its expectation that an effective COVID-19 vaccine will be “widely distributed” by the middle of next year, and has raised its projections for US GDP to 6.2% for 2021 from 5.6%.
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FIRE (Financial Independence, Retire Early), a flourishing lifestyle movement, has crept its way into mainstream culture throughout the past decade. As we’ve seen the pandemic spark a renewed push for people to create more autonomy in their lives, there is continued debate about the most sensible way to invest if FIRE is your goal. Real estate proponents advocate for potentially robust monthly cash flow, price appreciation, and tax advantages, whereas index fund adherents cite minimal expenses, a lack of constant oversight, and efficient trading as reasons to invest. In reality, there are benefits to both strategies, which might lead you to consider a hybrid approach.
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If you’ve been following the news, you may have heard that mortgage rates hit a record low in July, and they’re still competitive as we ease into August. In fact, on August 2, the average rate for a 30-year fixed mortgage was 3.12%, and 2.77% for a 15-year mortgage. That’s great news for first-time homebuyers, but it’s also good news if you already own a home. The reason? You may be able to refinance your existing mortgage. But is that the right move for you?
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SEATTLE, WA – While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, Zillow data shows, a possible signal that renters’ preferred location is tilting toward the suburbs.
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In high-end residential buildings across the U.S., lobbies are far from mere entrances. They offer lavish welcomes, set lofty expectations and embody the overarching aesthetics of the residences that sprawl beyond them. But in the age of coronavirus, much like individual homes and shared amenities, lobbies are assuming new sensitivities and features that bow to the ways the virus has reshuffled our priorities.
Read more: https://mansion.global/2EXtcpt
President Donald Trump’s vow to protect millions of Americans from the threat of eviction has one serious shortcoming: It would do nothing to help the vast majority of the country’s tenants.
Read more: https://politi.co/2ChrSgo
Mortgage interest rates are falling, but they’ll drop even more in the coming weeks, giving some 18 million homeowners an opportunity to save money by refinancing.
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Legislation to be introduced in the state Senate would provide property tax relief to senior citizens in Pennsylvania.
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COVID-19 sparked an unemployment crisis that the U.S. has been grappling with since March, and will most likely continue to struggle with through the end of the year. In April, the jobless rate hit a record high of 14.7%, and while May and June’s numbers were lower (13.3% and 11.1%, respectively), they were still considerably higher than they were prior to the pandemic (in February, the unemployment rate was just 3.5%).
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