Covid-19

Chief Economist For NAR Predicts Uncertainty For Housing Market

Published by Forbes.com | May 5, 2022 NAR calculates purchasing a home is now 55% more expensive than a year ago. Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for …

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The Tax Break Commercial Real Estate Investors Might Need After Covid-19

Published by Forbes.com | May 11, 2022 The decrease in value of commercial property has forced many owners to restructure their debt. The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. …

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STUDY: 57% of American Households Paid No Income Tax Last Year

Published by FOX Business | March 25, 2022 Households that paid no federal income tax expected to plunge next year More than half of U.S. households paid no federal income taxes in 2021, a temporary spike attributed to massive COVID-19 relief spending in the form of tax credits and stimulus payments. A recent analysis from the …

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Struggling Homeowners Can Get Between $15k and $80k From Pot of Federal Money

Published by CNBC | March 4, 2022 While many homeowners are on their way toward financial recovery after the worst days of the pandemic, the need for help continues. Most of the pandemic-era forbearance options for struggling homeowners have come to an end, but a pot of money allocated by Congress is still available for those who need …

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Treasury: Most COVID Rental Aid Went to Low-Income Residents

Published by FOX Business | February 25, 2022 Lawmakers approved $46.5 billion in Emergency Rental Assistance last year More than 80% of the billions of dollars in federal rental assistance aimed at keeping families in their homes during the pandemic went to low-income tenants, the Treasury Department said. It also concluded that the largest percentage of tenants receiving …

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Foreign Investments Exceed Pre-Pandemic Levels

Published by REALTOR Magazine | February 14, 2022 Foreign investors purchased $70.8 billion of U.S. commercial real estate in 2021 As COVID-19 travel restrictions began to lift last year, foreign investors flocked back to U.S. commercial real estate. Foreign investments exceeded pre-pandemic levels in 2021, a new report from Real Capital Analytics shows. Foreign investors …

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Real Estate Records Set in Coronavirus Era: High Prices, Quick Sales, One Third of Americans Moved

Published by Breibart | December 15, 2021 The Redfin real estate organization put out the report on how lockdowns and working from home changed the way Americans sell and buy houses. Another sector of the U.S. economy is looking back on how the coronavirus pandemic reshaped it, and in the case of real estate at least 10 …

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Thousands could soon lose – or sell – their homes as Covid mortgage bailouts expire

Published by CNBC Business, Real Estate | December 2, 2021 The bailouts allowed millions of homeowners to miss payments, some for up to 18 months. Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when …

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Foreclosure Activity Sees 6th Consecutive Increase in Q3

Published by FOX Business | November 19, 2021 After the federal foreclosure moratorium ended in July, and the eviction moratorium closed in September, the number of foreclosures has been growing. Foreclosure activity saw an uptick in October, marking the sixth consecutive month of annual increases, according to the October 2021 Foreclosure Market Report from ATTOM Data Solutions. …

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