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.
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 and mortgage professions
As the U.S. navigates the COVID-19 storm, people are concerned as to whether they can keep financially afloat. The closure of nonessential businesses, rising unemployment claims, and the uncertainty of a steady household income contributed towards lowered consumer confidence and economic
COVID-19 has impacted our lives in significant ways. A month ago, we were knee deep in planning responses to new information and a new way of getting business done. Much of it temporary. Reacting to the virus has been immediate and pressing, but what happens next is more important
You may be wondering what our government is doing to provide assistance to our economy, companies, individuals, during the Coronavirus crisis. Let’s start with… it’s a lot. This is a story of what the financial rescue steps are, and how they compare to government efforts during the 2007- 2008 Great Recession.
