Escape from New York. I’m referring to the effect of the coronavirus pandemic on the New York and Connecticut housing markets, lest you think I’m speaking of John Carpenter’s 1981 classic sci-fi action movie, “Escape from New York,” starring Kurt Russell
The Massachusetts and Rhode Island Chapter of the Appraisal Institute is hoping all of our friends and customers are continuing to stay safe during the COVID-19 pandemic. Appraisers, just like all of our customers, clients and friends in the real estate
The residential real estate market in the greater Manchester and surrounding area markets has been strong for the past 18 – 24 months. The first quarter of 2020 showed continued appreciation in values with rates of increase in the range of 4% to 6% annually in the residential
We’re nearly halfway through 2020 and it is already promising to be a year for the history books. The country, the region, and the city of Boston have experienced unprecedented conditions imposed by the COVID-19 response and necessary safety measures.
Back in late March, the Federal Reserve Board cut their lending rate (Fed Funds Rate) by two points, basically to zero. It was an unprecedented move, caused primarily by the economic crisis, resulting from COVID.
When I think of those on the front lines taking care of COVID patients and risking their lives every day, it makes the problems we face as appraisers almost inconsequential. Nevertheless, we are facing real issues attempting to do our jobs and keeping ourselves and others safe.
Uncertainty in the time of COVID-19. Real estate investors – investors of all types – abhor uncertainty, knowing however it is always present. Investment activity is guided by managing risk inherent in an uncertain future. The COVID-19 environment has taken investment uncertainty to new levels.
As governments begin easing restrictions enabling non-essential workers to return to work, employers need to prepare return-to-office protocols. Employers must comply with government orders with guidance from federal, state, and local officials as the situation evolves.
During the past six weeks, I have received dozens of e-mails from lenders with guidance on how to satisfy their requirements and USPAP requirements while also social distancing due to Covid-19. In the past few weeks, I have had the opportunity to try several of the recommended approaches.
Covid-19! What else could this article be about? What other title would be appropriate. It’s all we hear about and all we read about. You’re reading about this in a real estate journal, so the topic really has to be about the effect of Covid-19 on real estate.