According to the Department of Labor, the number of Americans filing claims for unemployment benefits shot to a record of 6.6 million last week.
Nearly 8 in 10 establishments in the U.S., employing nearly half of the country's workers, falls into the category of "small business." This is why one of the CARE measures funds an SBA loan program that provides loans and encourages businesses to retain their workers during the coronavirus pandemic.
NAR released a summary of pending home sales data showing that February’s pending home sales pace rose 2.4% last month and increased 9.4% from a year ago.
See how much the monthly mortgage payment changes when rates drop from 4.0% (May 2019) to 3.5% (February 2020) and 3.0%.
According to today’s release from the Labor Department, the number of Americans filing claims for unemployment benefits shot to a record of more than 3 million last week
This report presents key results about market transactions from the February 2020 REALTORS® Confidence Index survey.
Shopping centers, both fully vacant and partially vacant, have close proximity to people, and their large footage can handle large cases as mobile hospital units, emergency mask production, storage of basic goods, etc.
Housing market activity this February jumped 6.5% from January 2020, and sales of existing homes improved 7.2 % from February 2019.
Home showings data from SentriLock®, LLC, a lockbox company, shows that homebuyer traffic increased in February 2020 compared to the prior month and one year ago.
While measures are being taken to keep people safe and avoid overloading the hospital system beyond capacity, they have an economic cost in terms of lost revenues, especially in states where these industries comprise a larger share of their economic output and employment should there be some temporary layoffs. States need to plan to mitigate these economic impacts.
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