Monthly Archives: April 2020

From News 4: At Least One-Third of New York, New Jersey Residents Had Someone in Their Home Laid Off: Polls Two polls released Monday offer new perspective into the far reaching impact of the coronavirus pandemic in New York and … Continue reading →

From Barrons: Home Buyers Are Looking for Price Cuts. Realtors Say Sellers Aren’t Budging. The coronavirus pandemic has dampened the spring homebuying season by nearly every measure—but buyers still might not find the discounts they’re looking for.  Of the nearly 3,000 agents surveyed … Continue reading →

From the Record: More than 850,000 NJ workers have filed for unemployment since COVID-19 crisis began Close to 20% of New Jersey’s workforce has filed for unemployment benefits in the last five weeks to cover lost income, as businesses remain shuttered and social … Continue reading →

From MarketWatch: Existing-home sales slump 8.5% in March — but the worst is yet to come as the coronavirus hits the U.S. housing market Sales of previously-owned homes slid 8.5% in March as the coronavirus pandemic began to exert pressure … Continue reading →

From CNBC: The New York retail real estate market is reeling because of coronavirus, as rents tumble The coronavirus pandemic is pummeling the retail real estate market in New York City, with rents tumbling and not expected to turn around anytime soon, … Continue reading →

From MarketWatch: Fannie Mae: Home sales will decline by 15% in 2020 due to coronavirus, but what will happen to property prices? At the end of last year, economists expected that 2020 would be a strong year for housing. But … Continue reading →

From HousingWire: It may be harder to get a mortgage after coronavirus crisis ends From an economic standpoint, the main question surrounding the spread of the coronavirus is just how long the country will be shut down and just how … Continue reading →

From Bloomberg: New Jersey Home Prices Head for 12% Drop on Bottom-Feeder Feast The housing market in New Jersey is about to get crushed. Home sales in the state, second only to New York in coronavirus cases, may fall as … Continue reading →

From TechCrunch: Commercial real estate could be in trouble — even after this is over Commercial real estate owners, brokers, and landlords have collectively made many hundreds of billions of dollars a year in recent years as the economy zipped … Continue reading →

From MarketWatch: This hard truth about the mortgage markets isn’t being told Everyone wants to know what impact the coronavirus and the government response to it will have on housing markets. While it is too early to hazard a guess, … Continue reading →

From Forbes: The Latest Numbers On Coronavirus’ Impact On The Residential Real Estate Market Realtor.com just released its latest numbers on COVID-19’s impact on the national residential real estate market. The data tracked is for the month of March, which not … Continue reading →

From the Star Ledger: Selling or buying a home? See how coronavirus is affecting the real estate market in N.J. Real estate agents are still working, but they said many buyers and sellers are putting their plans on hold. “I … Continue reading →