COVID-19 Trends of the Week: June 22-26
- Jun 26, 2020
This week, the economy showed slight improvement, including a higher than expected increase in home sales in May and slowing of the downturn in manufacturing. But new COVID-19 cases are spiking in a number of states and the specter of further lockdowns is looming. Here are the trends that shaped coronavirus coverage this week.
- Will the Fed bolster the shaky CMBS Market?
This week, more than 100 members of the House of Representatives petitioned the Fed to support the CMBS market, which has been rocked by missed loan payments in the hotel and retail markets, as well as other sectors. Delinquencies for portfolio lenders is a bit better. But there were concerns expressed this week for the smaller banks and credit unions that became more active post-financial crisis and have a higher exposure to commercial real estate loans than larger institutions.
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3. Yes. It is safe to stay home.
With work-at-home and distance learning becoming long-term trends, multifamily designers, developers and operators are faced with the challenge of calming resident concerns, promoting wellness and managing density during the public health crisis and long term. Can a carefully designed indoor environment help us live longer?
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