Housing & Commercial Real Estate for the week ending April 24, 2020
For yet another week, news of the coronavirus continues to dominate both the local and national headlines for the economy, housing and commercial real estate. From forecasts for a “V” shaped economic recovery to “gloom and doom” with the most recent unemployment numbers, it has been quite challenging to determine the path of the trend.
Following are several articles relating to housing and commercial real estate which we found to be most significant in highlighting both where things stand and where they are going.
By Amanda Lauren, Forbes
“As coronavirus progressed from an outbreak to a pandemic at the beginning of 2020, the real estate market slowed down significantly by early March. As mortgage rates declined, despite a general fear of the unknown in terms of public health and the economy, there was still some activity with motivated buyers attending open houses and looking at property. But since social distancing and shelter in place orders were mandated around mid-March in most states, real estate activity hasn’t come to a halt entirely, but it has slowed down in a way the industry hasn’t experienced in a very long time.”