Almost 10% of all government sponsored mortgages entered forbearance which accounts for almost 841 billion dollars in loans. 4 in 5 workers say they live paycheck to paycheck, with around 30 million people unemployed, the numbers could be daunting. Yet…
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…
It is ironic in 2007 and 2008, I was asked by our accountant to value properties and loans on our books due to the last cycle. I told her I had no clue, there were too many unknowns. Commercial real…
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 forbearance…
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…
There is a new legislative proposal to radically alter the appraisal industry. Should the use of comparables be arbitrary when establishing appraised value? Do appraisers need to better “appreciate” a neighborhood (what does this even mean?) Should an appraiser use…
Do you know where the next mortgage defaults will occur in your city? What cities and zip codes are most at risk during this recession? In every recession, there are two predictors of default/loss, collateral and equity. What does…
Presidential nominee Biden has rolled out his proposed tax plan with two major pillars that will impact real estate pros. 1) Elimination of the 1031 exchange provision 2) elimination of long term capital gains. These two changes, if passed, will…
The stock market has been pricing in a fast and rapid V-shaped recovery, yet 106 million people and various businesses like United Airlines are painting a radically different picture. As Alan Greenspan, the former fed chief, famously said: markets can…
NY city is changing the real estate game implementing a ban on the NYC rental broker fee and making a host of other changes. At the same time New York leads all U.S. metro areas as the largest net loser…
