Posts Tagged ‘covid 19’
Coronavirus attacks the real estate market
If you were born before the year 2000 then you will have the ability to talk about the two greatest economic depressions our country has seen in the last 50 years. We saw the economy tumble due to the real estate market in 2008, and now we’re in the midst of a pandemic the…
Read MoreEconomic Lay Off Affects Mortgage Closings
Are you one of the millions who have suffered from temporary layoff / downsizing due to the recent COVID19 outbreak? The good news is you’re not alone, the bad news it’s happening to many people. The lenders however are taking a conservative approach to these new economic happenings. Lenders are tightening up on verifications: In…
Read MoreCOVID 19 Lending Changes You Should Know
Welcome to the day-by-day world of real estate and lending, brought to you by the Coronavirus. The unemployment numbers hit 15% and are expected to be at 19% by the end of the quarter. Forward projections have no real insight as to how long it will last, the only thing we can do is hold…
Read MoreCOVID 19 Expectations for the Real Estate Industry
Everyone is feeling the effects of the COVID-19 (coronavirus) outbreak, the virus has caused uncertainty in the financial markets and anxiety in peoples personal lives. There are many theories about why such precautions are being taken, and the simple fact is we are in un-chartered waters; there is no protocol for what we are experiencing.…
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