In Case You Missed It: October 9, 2020
Here’s the best of what I read recently — covering real estate, housing, finance, economics — in case you missed it…
As Election Day Nears, COVID-19 Spreads Further Into Red America
Brookings - October 8, 2020 | By William H. Frey
“In both red and blue states, small metropolitan and non-metropolitan counties registered higher new COVID-19 case rates than urban cores or large suburban counties.”
New York’s new COVID Alert app will tell you if you’ve come in contact with a positive person
6sqft - October 1, 2020 | By Dana Shultz
“Using your phone’s Bluetooth technology, it will alert you if you’ve been within six feet of an infected person for more than 10 minutes.”
The First Blank-Check ETF Makes Its Trading Debut
Bloomberg - October 1, 2020 | By Katherine Greifeld
“The first exchange-traded fund to track blank check companies will make its trading debut Thursday, giving investors a chance to make a concerted bet on one of the hottest areas of the stock market.”
The First Female Recession Threatens to Wipe Out Decades of Progress for U.S. Women
Bloomberg - September 30, 2020 | By Olivia Rockeman, Reade Pickert, Catarina Saraiva
“Women between the ages of 25 and 54 -- also known as prime-age -- are increasingly dropping out of the workforce, often to care for children. The participation gap between men and women in this age group is now widening after shrinking to the narrowest ever right before the virus.”
Which Apartment Residents Are Most Affected by Job Losses?
NMHC - September 30, 2020 | By Claire Gray
“Apartment investors, capital providers, owners and managers with interests in some geographies should be paying close attention to changing risks as the pandemic and its economic effects evolve.”
Chart: Retail, Hotel Assets Dominate US Distress Inflows
Real Capital Analytics - September 29, 2020 | By Haley Crimmins
“Retail and hotel assets combined represented 92% of new trouble in the second quarter of 2020. In the depths of the GFC, these two sectors were behind only about half the total distress.”
Making Every Loan a Green Loan
HousingWire - September 29, 2020 | By Bob Simpson
“Simply put, we cannot afford to make green financing just another product offering in the market. Green financing must become the status quo.”
RealPage Identifies Some Suburban Gems for Near-Term Potential
RealPage - September 29, 2020 | By Kim O'Brien
“In a recent webcast, RealPage analysts identified 10 neighborhoods where rent levels top the market average.”
Homeownership Less Affordable for Average Workers Across U.S. in Third Quarter of 2020
ATTOM Data Solutions - September 24, 2020
“Median home prices of single-family homes and condos in the third quarter of 2020 are less affordable than historical averages in 63 percent of counties with enough data to analyze, up from 54 percent a year ago.”
Phoenix Multifamily Report – Summer 2020
Multi-Housing News - September 23, 2020 | By Anca Gagiuc
“While the market did not remain unscathed, the metro's rental segment fared relatively well since the pandemic hit.”
Wall Street’s New Suburban Subdivision Is Full of Renters
Bloomberg - September 23, 2020 | By Patrick Clark
“Wall Street won big buying up homes during the foreclosure crisis and renting them out. Now, it’s headed back to the suburbs in hopes of scoring again.”
Preliminary Analysis: Shifts in Eviction Filings from the CARES Act to the CDC Order
The Eviction Lab - September 22, 2020 | By Peter Hepburn, Renee Louis
“Data from the Eviction Tracking System (ETS) allow us to assess what effects those changes have had and where new eviction filings stand in cities across the U.S.”
Redfin - September 21, 2020 | By Lily Katz
“Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam.”
An Eviction Moratorium without Rental Assistance Hurts Smaller Landlords, Too
The Hamilton Project - September 21, 2020 | By Kristen E. Broady, Wendy Edelberg, Emily Moss
“Among those owning residential investment property, roughly a third are from low- to moderate-income households; property income constitutes up to 20 percent of their total household income.”
Did the $600 Unemployment Supplement Discourage Work?
Federal Reserve Bank of San Francisco - September 21, 2020 | By Nicolas Petrosky-Nadeau, Robert G. Valletta
“Analysis suggests that the available aid would not outweigh the value of a longer-term stable income in workers’ decisions to accept job offers.”
The U.S. Is on the Path to Destruction
The Atlantic - September 18, 2020 | By Annie Lowrey
“Fires in California and Oregon are incinerating homes, businesses, schools, power lines, and roads. Hurricanes in the Gulf Coast are swamping mobile homes and carrying away cars and livestock.”
Wall Street’s Return-to-Office Push Finds Virus Won’t Cooperate
Bloomberg - September 18, 2020 | By Sridhar Natarajan, Michelle F Davis
“Goldman Sachs Group Inc., JPMorgan Chase & Co. and Barclays Plc all had to quarantine groups of traders after employees tested positive for the coronavirus.”
Covid-19 Lockdowns May Have Saved Kids’ Lives
Bloomberg - September 17, 2020 | By Justin Fox
“Deaths appear to be down among children in 2020 in the U.S. and other affluent countries. Everybody staying home has its benefits as well as costs.”
Yelp Data Shows 60% of Business Closures Due to the Coronavirus Pandemic Are Now Permanent
CNBC - September 16, 2020 | By Anjali Sundaram
“The data supports the trend that most consumers are choosing to stay home over patronizing establishments physically, as home and professional services such as landscapers, contractors and lawyers, see a much lower closure rate than clothing stores and even home decor businesses.”
Van Halen - Jump (Official Music Video)