Commercial Real Estate & Business News – January 4, 2021
CoStar Predicts: US Economy Returns to Growth ModeU.S. gross domestic product, the key measure of economic growth, could return to levels it experienced before the coronavirus pandemic by the end of next year, though it is expected to be surpassed by growth in Asia. If the United States can widely distribute vaccines by next spring…» […]
Commercial Real Estate & Business News – December 31, 2020
HAPPY NEW YEAR! 2020 Was The Year the Jobs Went Away. But When Will They Come Back?The pandemic cleaved its way through the jobs market this year, carving a wide divide between the businesses that boomed during the crisis and those who were crushed by it. Over 22 million jobs disappeared at the start of […]
Commercial Real Estate & Business News – December 30, 2020
Fed Predicts Faster Decline in Unemployment in 2021, but Sticks to Cautious Forecast for the U.S. EconomyThe Federal Reserve on Wednesday predicted the U.S. unemployment rate would fall faster in 2021 than it previously believed, but it stuck to a cautious forecast for the broader U.S. economic recovery. A few months ago, the Fed had […]
Commercial Real Estate & Business News – December 29, 2020
Congress Passes Massive COVID-19 Relief Omnibus PackageCongress has passed a last-minute deal with $900 billion in COVID-19 pandemic relief and $1.4 trillion in government funding for the rest of fiscal 2021. The pandemic relief and the omnibus package, which heads to President Trump for his signature, also contains big wins for Americans in need, including…» […]
Commercial Real Estate & Business News – December 28, 2020
Economist Moore predicts Coronavirus Vaccine Will be a Boon to 2021 EconomyEconomist Stephen Moore predicted Sunday that the coronavirus vaccine effort currently rolling out across the U.S. will be a boon for the 2021 economy. During an interview with John Catsimatidis on his radio show on WABC 770 AM, Moore said that “the calvary is […]
Commercial Real Estate & Business News – December 23, 2020
How the Latest Stimulus Impacts Renters and HomeownersA second round of stimulus checks will be sent directly to citizens beginning next week, according to Treasury Secretary Steven Mnuchin. The $900 billion stimulus package negotiated by Congress over the weekend will include $600 individual stimulus checks for those making under $75,000, $300 a week of extra…» […]