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It’s no secret that there is a lot of information circulating and it can be hard to keep up with all the important headlines. We’ve collected the most relevant and informative news stories, data and resources for real estate investors and put them all in one place. We hope the information you find here provides a bit more clarity and confidence in the midst of a chaotic world.
In an interview last week, Barbara Corcoran, Shark Tank judge and founder of the Corcoran Group, a New York-based residential brokerage, offered straight-talk about the housing market and the upside she sees for buyers right now. “Every real estate cycle that has gone up and down, the deals weren’t made in the down cycles, nor in the up cycles. They were always made in the times where there’s the greatest uncertainty where everybody’s guessing.” Check out the full interview to hear what else she had to say.
Yesterday, the Senate passed a measure that would inject an additional $310 billion into the PPP. The House is expected to pass the bill on Thursday, and President Trump has indicated he will sign it. But many small businesses seeking funding can’t afford to put all their eggs in the PPP basket. MarketWatch spoke to several experts to get advice on alternate funding options for small business owners who are strapped for cash.
There’s no denying the chaos wrought by COVID-19 is being felt in the housing market and will continue to create uncertainty in the near term. However, current conditions may spell opportunity for buy-and-hold investors.
HousingWire columnist Logan Mohtashami predicts the economic burden will be felt most keenly by renters. “This may add some years of renting before first-time homebuyers can pull the trigger,” he argues. In the longer term, he expects demographics to work in sellers’ favor, “The number of Americans ages 26-32 is massive…The coronavirus crisis may mean that those young folks will take a little longer to earn the capacity for homeownership, but they will get there.”
ATTOM Data Solutions released its Q1 2020 Foreclosure Market Report last week. “As foreclosure activity across the country continued to decline in March, contributing to a run of quarterly declines, the number of filings remains just one-sixth of what it was following the Great Recession a decade ago,” said Todd Teta, chief product officer at ATTOM Data Solutions. Read the report to see the latest stats on foreclosure starts and bank repossessions across the country.
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