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Friday, March 20th, 2020

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Posted by: | Posted on: March 20, 2020

U.S. Existing-Home Sales Jumped in February

WASHINGTON—Sales of previously owned U.S. homes rose sharply in February to the highest monthly pace in 13 years amid record low mortgage rates related to fears about the coronavirus’ impact on the economy.

Home sales increased 6.5% in February compared with January at a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Friday. Economists surveyed by The Wall Street Journal expected sales to rise 0.7% to a 5.50 million annual rate.

Existing-home sales were up 7.2% in February from a year earlier, the eighth consecutive year-over-year rise.

The data reflected sales activity before the spread of the coronavirus in the U.S.

“These figures show that housing was on a positive trajectory, but the coronavirus has undoubtedly slowed buyer traffic and it is difficult to predict what short-term effects the pandemic will have on future sales,” said Lawrence Yun, the trade group’s chief economist, in a

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Posted by: | Posted on: March 20, 2020

Bankers Reluctant to Loan Money In Coronavirus, Low-Interest Rate Environment

Manhattan, New York. Shutterstock.

NEW YORK CITY- Despite the Federal Reserve slashing interest rates to near zero, similar to actions taken during the 2008 Financial Crisis, bankers have pressed the brakes on originating new loans as the economic environment becomes more uncertain amid the coronavirus, Maria Avellaneda, a broker at brokerage firm Compass in New York City, tells GlobeSt.com.  

Although the Federal Reserve is trying to spur as much liquidity in the market as possible in the short term, it has had the opposite intended effect. “ Bankers are very reluctant to give money,” Avellaneda said. “We’ve been in different closings and with the way rates are alongside the decrease in property prices, they’re asking much more questions.” 

The capital markets are concerned for good reason, according to Avellaneda. Stakeholders are flocking to capitalize on low-rates, many in the form of refinancings, which creates greater risk in the market place

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Posted by: | Posted on: March 20, 2020

Gaming REITs Have a Good Chance for Recovery

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Phoenix, AZ—Gaming REITs have been severely affected by the coronavirus as social distancing takes hold and, more recently, MGM and other casinos temporarily close to mitigate the spread of the virus.

“There is a cloud over the head of the travel and leisure industry due to the threat of the Coronavirus,” says Chris Burbach, co-founder and partner of Fundamental Income.

MGM Resorts has announced that operations at its Las Vegas properties would be suspended until further notice. MGM Resorts includes Excalibur, Bellagio, Luxor, CityCenter, Mandalay Bay, The Mirage, Park MGM, MGM Grand, T-Mobile Arena and New York-New York.

“The immediate short-term effects obviously include unemployment and a loss of benefits for the hotel employees which is heartbreaking,” says Burbach. “On the real estate side, stocks are currently priced as if these hotels are never reopening. But, I believe the Las Vegas strip will be back once we

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Posted by: | Posted on: March 20, 2020

5 Cheery Living Room Decor Ideas We Stole From Instagram While Self-Quarantining

These five living room decor ideas will bring all the warmth of spring back into your space, and (hopefully) make your time at home a little brighter.


With spring’s recent arrival, it’s a hard time to be stuck at home. If you’ve joined the millions of Americans in a self-quarantine recently, then we’d bet you’re going a little stir-crazy by now—and ready for a change of scenery from the four walls of your living room.

But there’s good news! You can practice social distancing and shake up your view all at the same time. For inspiration, we took to Instagram (as we do every week) to seek out the living room looks that are earning the most likes. With expert input from top designers,

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