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Why Home Sellers Are Losing Hope in the Housing Market

Posted by: | Posted on: April 8, 2020

With the coronavirus pandemic bringing the U.S., and much of the world, to a screeching halt, only just over half of Americans think it’s still a good time to sell a home.

Only 52% of homeowners believe it’s still an opportune moment to put their place on the market—a steep month-over-month net decrease of 29 percentage points in March, according to Fannie Mae’s monthly Home Purchase Sentiment Index. The index measures buyer and seller attitudes about the housing market.

Meanwhile, the net share of Americans who think it’s a good time to buy a home, 56%, is down 7 percentage points from February to March.

“This is the tip of the iceberg,” says Javier Vivas, realtor.com®’s director of economic research. “We have yet to see the full extent of the impact of the virus on housing.”

The index is based on answers to a Fannie Mae housing survey

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Here’s How People Really Feel About Buying a Home Amid the Coronavirus Crisis

Posted by: | Posted on: April 8, 2020

With the coronavirus bringing the U.S., and much of the world, to a screeching halt, many home sellers believe it’s not a good time to sell real estate.

Published


With the coronavirus pandemic bringing the U.S., and much of the world, to a screeching halt, only just over half of Americans think it’s still a good time to sell a home.

Only 52% of homeowners believe it’s still an opportune moment to put their place on the market—a steep month-over-month net decrease of 29 percentage points in March, according to Fannie Mae’s monthly Home Purchase Sentiment Index. The index measures buyer and seller attitudes about the housing market.

Meanwhile, the net share of Americans who think

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Is Your Building Protected During a Temporary Vacancy?

Posted by: | Posted on: April 7, 2020

Elizabeth Krol, Partner, and Jared Dubrowsky, NFP

The COVID-19 global pandemic continues to cause mass commercial real estate vacancies throughout the US. Many buildings were ordered closed with limited notice and without proper decommissioning of building systems. These abrupt closures have created a great deal of uncertainty for property owners, including the physical and environmental conditions of their assets.

Who bears responsibility when government officials shut down a business or premises due to COVID-19? Do the insureds maintain the same duties during the crisis or are they absolved from their responsibilities?  With the risk of properties becoming impaired or diminished during the vacancy period, building owners must protect the value of their assets, protect themselves from liability, and understand the protections and limitations of their insurance policies.

Obligations of Commercial Real Estate Owners and Operators

Owners of commercial real estate must first comply with federal, state and local directives as

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8 Easy DIY Projects To Tackle During Quarantine and Make Your Bedroom the Stuff of Dreams

Posted by: | Posted on: April 7, 2020

Are the four walls of your bedroom starting to close in on you? Now’s the perfect time to take on some DIY projects that’ll give your space a face-lift.

Published


Being stuck at home isn’t easy, especially when you’re sharing the space with your entire family or roommates. So naturally, many of us are probably retreating to the space we may have previously used only for sleep: the bedroom.

Those four walls might feel like they’re closing in on you right about now—and you’re probably more than ready for a little pick-me-up. After all, as long as you’re stuck in there anyway, you might as well take on a project that will cheer you up, right?

With that in mind, here are eight

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74% of CFOs Plan to Permanently Shift Some of Their Workforce to Remote Positions

Posted by: | Posted on: April 6, 2020

Photo by Shutterstock

CFOs are already thinking beyond the end of the coronavirus and have plans to shift at least some of their onsite workforce to remote positions, according to a survey of CFOs and finance leaders by Gartner taken on March 30, 2020.

The survey found that 74% intend to move at least 5% of their previously on-site workforce to permanently remote positions post-COVID 19. Nearly a quarter of respondents said they will move at least 20% of their on-site employees to permanent remote positions.

Also, 13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months. “This data is an example of the lasting impact the current coronavirus crisis will have on the way companies do business,” said Alexander Bant, practice vice president, research for the Gartner Finance Practice in prepared

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