The economic shock triggered by the COVID-19 pandemic has lowered the chance of meaningful GSE reform over the next couple of years, according to Fitch Ratings.
NEW YORK CITY—The affordable housing crisis existed prior to the first case of Coronavirus here, but the pandemic has heightened the need in low-to-moderate-income…
JLL also said that there were good signs that the US economy is beginning to reawaken, citing truck loads, mortgage applications, new business applications, flight bookings, hotel reservations and distances traveled.
In the COVID-19 downturn, the buyer pool is getting smaller more quickly, he wrote. The eventual floor for prices will be driven by the status of property income, investor perceptions and economic fundamentals, he wrote.
The company's head of global real estate says that Microsoft isn't in any rush to get employees back into offices. But when they do return the goal is to work in team rooms and "neighborhoods," with appropriate social distancing.