Commercial real estate firm adds an infectious diseases specialist to its staff

Florida-based commercial real estate firm Crocker Partners has responded to the COVID-19 pandemic by creating a new position within its organization for a director of environmental health, to help it develop a program that’s designed to keep its employees healthy. Dr. Walter Okoroanyanwu, who is a medical professional with experience in infectious diseases, told the

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23 million Americans at risk of eviction

With many federal unemployment benefits introduced in the wake of the coronavirus pandemic set to expire at the end of the month, it’s feared that millions of Americans could face eviction from their homes. HousingWire reports that almost 44 million Americans have filed for unemployment since mid-March, when the pandemic began. And with 110 million

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New York mandates HEPA filters in shopping malls

Businesses in New York City are likely going to need to upgrade their air conditioning systems in order to stop the spread of COVID-19 if they’re going to reopen, reports say. This week, New York state Governor Andrew Cuomo said that the state will require malls in the city to install “high quality” air systems

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Sellers holding buyers back as the country slowly reopens

Home buyers are still as enthusiastic as ever, rushing to view homes when and where they can despite the ongoing coronavirus pandemic. But cautious home sellers appear to be holding them back, CNBC reported this week. “We’ve had buyers ready, willing, and able, and the sellers have been the ones who have pulled their homes,

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Federal Reserve says it won’t raise key interest rate

The Federal Reserve this week voted to maintain its benchmark interest rate unchanged at near zero, showing it has no interest in reversing course anytime soon, most likely due to the coronavirus pandemic. The Fed’s benchmark rate doesn’t directly impact mortgage rates, but it normally does influence them, so the decision is a key one

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How Coronavirus is Impacting the U.S. Rental Market

Just a few short weeks ago the economy was breaking records, the Dow was nearing 30,000, unemployment was at record lows, and the price of oil was at $50 – $60 per bbl. trading range. The coronavirus was in China, and the WHO, the CDC plus many U.S. government officials stated that the risk of

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Experts warn against blindly accepting mortgage forbearance

Left unable to work due to the coronavirus pandemic, around 2 million American homeowners have sought to apply for mortgage forbearance from their providers. But experts warn that they should look closely at the terms they’re offering, or they could be in for a nasty shock in the months to come. The problem is that

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Zillow: New listings fall sharply due to coronavirus

Early spring is peak home-shopping season in most years, a time when sellers list homes on the market in droves hoping to take advantage of the increased competition from buyers shaking off the winter doldrums. But a new Zillow analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic

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A quarter of Americans experience connectivity problems at home

With more people than ever before working from home remotely, a strong Wi-Fi signal has never been more essential. But that’s not what everyone has, according to a new survey of 1,000 consumers by a company called Waveform, which says 28% of Americans have issues with either their cell phone or Internet connectivity. The problem

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Redfin reports rise in offers from virtual tours only

With most buyers resorting to virtual tours as the only way to actually see inside a listed home during the coronavirus outbreak, one might be forgiven for thinking that home buying activity is all but dead. But in actual fact, many real estate brokerages are still doing business, with Redfin reporting that some 12% of

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