May 22, 2020
Apartment Therapy speculates on how the pandemic may change what we want in a house.
Yahoo Finance published a video interview with a real estate expert from Goldman Sachs where she discussed which sectors have suffered during the pandemic and which have excelled. She also speculates the new normal for office properties.
Another article from NJ.com focuses on Jersey Shore rentals for this summer and the lack of guidance for both renters and landlords. I’ll be heading down the shore for the first time this weekend and I’m very curious to see what it will be like.
NJ.com is also reporting on a bill proposed in the NJ Legislature that would provide rent relief to middle and lower income folks in our state. It would provide relief for both the renters and the landlords who would get paid directly from the state under this bill.
Housing Wire is reporting a forecast from Realtor.com that there will be more residential sales late in the summer or early fall and then drop again. It also predicts that markets further from cities will have more activity than urban areas.
This piece from CNBC reports that the Mall of America hasn’t paid their mortgage in two months. Since they are also the owners of East Rutherford’s American Dream we found this to be of interest.
We hope you have continued to be healthy during this uncertain time. We’d also like to wish you a pleasant long weekend in observance of Memorial Day. While we are Jersey Shore home owners who look forward to this unofficial start to summer each year, it is never without remembering those who made the ultimate sacrifice.