What Will the GDP Be for Second Quarter of 2020? JPMorgan Prediction With the coronavirus outbreak having already resulted in massive unemployment across the U.S., JPMorgan believes the gross domestic product (GDP) will absolutely crater during the second quarter of 2020. According to CNBC, JPMorgan economists are forecasting that the GDP will fall by […]

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From dnyuz.com   Homebound Buyers Ask: Is a Picture Worth $1 Million? – DNyuz The real estate industry, for all its newfound tech savvy, still relies on handshakes across mahogany tables. The coronavirus pandemic has exposed that weakness: Real estate is a cheek-by-jowl business, methodical by design, lumbering until the final, crowded contract signing. And […]

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These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says – MarketWatch These mortgage borrowers will be ‘the first canary in the coal mine’ for a coronavirus-fueled foreclosure crisis, regulator says Published: April 4, 2020 at 11:12 a.m. ET By Jacob Passy 132 Federal Housing Finance […]

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Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. – The Washington Post Report: ‘Zombie homes’ — vacant properties awaiting foreclosure — slightly rise across the U.S. No trespassing posters are displayed in the window of a foreclosed townhouse that has been empty for 11 years in District Heights, Md. […]

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This is in an incredible number. How long will employers continue to pay furloughed employees?   http://news.trust.org/item/20200327204817-8hr18/ more at link…. “The commitment to social distancing comes at a time when many Americans are feeling high levels of concern about the economy. Only 30% of Americans said they felt that the U.S. economy was headed in […]

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