Covid Vaccine, impact on real estate, biggest real estate risk on the horizon

Covid Vaccine, impact on real estate, biggest real estate risk on the horizon

Pfizer announced that their Covid vaccine in trials was 90% effective at preventing infection.  The stock market took off and traders began reshuffling their pandemic bets with Zoom down 20% and Disney, hotels, and cruise operators up substantially.  Will there be a...
Ban on evictions and foreclosures for a year, impact on real estate

Ban on evictions and foreclosures for a year, impact on real estate

New eviction laws that Democratic lawmakers recently passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic...
2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

The Urban Institute think tank says nearly two out of three loans made in 2019 would fail to meet at least one of the stricter standards  lenders have imposed since March. Banks are tripping over themselves to be the first to hedge against future downside risks and...
New gov’t data predicts defaults, Where will the defaults concentrate in one major city?

New gov’t data predicts defaults, Where will the defaults concentrate in one major city?

  I wanted to highlight Atlanta, Georgia as it is one of the top ten metro areas in the country, we have an office there, and we are intimately familiar with the real estate market.  Furthermore, it is a typical large city and a good indicator for the country as...
Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress.  Millions are out of work, yet house prices are increasing in most...
Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike is a bellwether for the retail industry and general economy generating over 40 billion in annual revenue making it one of the largest athletic retailers in the world.  Since 2006 revenue has consistently increased every year.  In June, Nike announced that sales...