Following the latest Centers of Disease Control guidance, mass confusion reigns about the role of mask-wearing. As summer seasonal activity opens up after a full year in limbo, and as corporate and commercial America take on the challenge of rebooting normalized workplaces as an anchor of economic dynamism in the period known as “learning to
As the nation struggles with slowing vaccinations, confusing mask guidance, and the long-term economic implications of Covid-19, the future of cities’ central business districts (CBDs) remains unclear. Will they return to normal, with office workers going back in larger numbers? Or has there been a permanent change in office work that will require permanent changes in how
Chairman and Chief Executive Officer of Zoned Properties, Inc., a strategic real estate development firm. Across the United States, hundreds of cities, towns and counties are discussing and deciding the fate of local planning and regulatory code for the emerging cannabis industry. The results of those conversations will have a tremendous effect on billions of dollars in
Jonathan Keyser is the founder of Keyser, the largest occupier services commercial real estate brokerage firm in Arizona. A major question facing today’s business leaders is “How should my company operate on the other side of this pandemic?” Over the past year, companies have been working remotely out of necessity. While it may have been uncomfortable
Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City. New York City has suffered deeply from Covid-19. Its economy was destroyed, people fled in droves and the population registered over 30,000 deaths. Nevertheless, the Big Apple is beginning to make a strong comeback: A large
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. On March 10, 2021, Freddie Mac and Fannie May announced that they will buy fewer second-home and investment mortgages. Although the news did not set the real estate market into a downward spiral, it is now raising concerns for consumers as well as for real estate
An earlier post made clear this economy’s powerful near-term growth momentum. It also warned about longer-term economic risks, especially given Washington’s efforts to hype the economy. Against this background of conjoined economic optimism and worry (common enough in almost all economic analyses) the expansion in residential real estate seems so far to rest on a remarkably
Pedestrians walk past signage for SoftBank Group outside a store in Tokyo, Japan, Nov. 29, 2018. Kiyoshi Ota | Bloomberg | Getty Images Digital mortgage lender Better.com announced Tuesday that it will make its market debut by merging with Aurora Acquisition Corp., valuing Better at $7.7 billion. The company, ranked No. 15 on last year’s CNBC Disruptor 50
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they could get any savings. That sent total mortgage application volume up 2.1% last week from
Akapong Osotsil / EyeEm | EyeEm | Getty Images Consumer debt edged higher during the first three months of 2021, due primarily to a jump in mortgages and auto loans, the Federal Reserve reported Wednesday. Total household debt balances rose by $85 billion in the first quarter, a 0.6% increase that brought the total level
From gas and groceries to computers, cars and clothing, Americans are already paying more for everyday expenses. As the economy reopens in the wake of the coronavirus pandemic, consumers are putting their stimulus checks, enhanced unemployment benefits and stashed cash to work. Yet all that spending — coupled with supply chain setbacks — is
A general view of the Oakland Athletics playing against the Houston Astros with a limited capacity crowd at RingCentral Coliseum on April 03, 2021 in Oakland, California. Ezra Shaw | Getty Images Perhaps Major League Baseball is bluffing as it plays a game of baseball liar’s dice to help the Oakland Athletics secure a new
A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. Jason Lee | Reuters BEIJING — While investors around the world fret over inflation, China’s central bank has more
People wear protective face masks outside Salesforce Tower in New York City. Noam Galai | Getty Images Cloudera exited its downtown San Francisco office early last year with plans to sublease the space and move its employees south to the software company’s Silicon Valley headquarters. But the pandemic left the company with nobody to take
The work-from-anywhere culture of the coronavirus pandemic is not going away with vaccines, and that has created an opportunity for small cities to lure new residents. So-called digital nomads are in high demand and are now being offered cash to relocate. Programs are popping up across the country. The poachers don’t want the workers to
Nearly two-thirds, or 64%, of millennials (ages 25 to 40) say they have at least one regret about purchasing their current home, according to a new poll of more than 1,400 U.S. homeowners from Bankrate. Only about 45% of Gen X (ages 41 to 56) and 33% of baby boomers (ages 57 to 75) reported
Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California, on Wednesday, April 14, 2021. Bing Guan | Bloomberg | Getty Images Strong buyer demand is keeping homebuilders confident, but the risk of rising construction material costs continues to weigh on housing affordability. Builder sentiment
The fracas between governors and legislatures over executive powers during the COVID-19 pandemic is reaching a new level in Pennsylvania — two proposed constitutional amendments. Keystone State voters on Tuesday will decide on two ballot measures that would limit the governor’s emergency disaster declaration powers and enable the state legislature to end a declaration with
A Harvey, Illinois, pension fund claims it’s entitled to share in the Chicago suburb’s American Rescue Plan funds and wants to block the distribution of aid until a judge decides. The financially stressed suburb south of Chicago, which has battled over the last decade with its public safety pension funds, the city of Chicago, and
Connecticut will bring three rating upgrades to the table when it comes to market with a $1 billion exempt and taxable general obligation deal set for Wednesday. Fitch Ratings on Friday lifted Connecticut to AA-minus from A-plus. The action “reflects enhancements to the state’s fiscal management practices in recent years that are materially increasing the