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Wednesday, October 21st, 2020

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Posted by: | Posted on: October 21, 2020

The Coming Challenges with Rent Collection

Early on in the COVID-19 pandemic, many observers had dire predictions about what would happen with apartment rents.

“If you go back to when this started in March, people were thinking by the summer, the situation would implode and rent collections wouldn’t be where they were,” says Evan Blau, a partner at Cassin & Cassin LLP, a NY-based law firm and the leader of the firm’s agency lending and affordable housing practice. “So the can has been kicked down on a positive note continually. Everyone thought this was going to be this catastrophic event.”

While Blau, who represents lenders in the financing of multifamily properties through Fannie Mae and Freddie Mac programs, thinks that rent payments have been better than anyone could have expected, he realizes tenants have gotten some help.

“A lot of things are propping that up,” he says. “Obviously, we had the CARES Act [The Coronavirus Aid,

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Posted by: | Posted on: October 21, 2020

Before and After Photos of 10 Inspiring Organizing Projects

You’re not the only one who feels like 2020 has been the year everyone became obsessed with home organization. We certainly started noticing when the coronavirus lockdown first started in the spring. Many homeowners got busy clearing out years of junk and tidying up the spaces where they would be spending all their time.

But for some, the tidying trend was just that: a passing fad that has since stalled—or been abandoned altogether. Many of us still have a laundry list of organizing projects that have been pushed to the wayside for one reason or another. If you’re in that camp, we have a fix to get you back in the decluttering game. Look to the internet for inspiration, thanks to homeowners who have come up with great solutions for organizing their pantries, drawers, shelves, and under-sink hot spots.

Don’t be embarrassed by your messy areas. These visuals can help

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Posted by: | Posted on: October 21, 2020

New-Home Construction Rises Modestly in September, Driven by a Northeast Building Boom

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in September, representing a 1.9% increase from the previous month’s downwardly-revised figure, the U.S. Census Bureau reported Tuesday. Compared with last year, housing starts were up 11%.

Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.55 million, up more than 5% from August and 8% from a year ago.

Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.45 million and building permits to come in at a pace of 1.52 million.

What happened: The modest increase in housing starts was fully driven by an 8.5% uptick in single-family starts, as multifamily construction activity dipped once again. Multifamily starts dipped nearly 15% on a monthly basis in September. And while single-family starts were up 22% from last year, multifamily starts were down 17%.


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