coronavirus – REBusinessOnline https://rebusinessonline.com Commercial Real Estate from Coast to Coast Thu, 21 Jan 2021 16:03:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png coronavirus – REBusinessOnline https://rebusinessonline.com 32 32 Another 900,000 Americans File for First-Time Unemployment Assistance https://rebusinessonline.com/another-900000-americans-file-for-first-time-unemployment-assistance/?utm_source=rss&utm_medium=rss&utm_campaign=another-900000-americans-file-for-first-time-unemployment-assistance Thu, 21 Jan 2021 16:03:33 +0000 http://rebusinessonline.com/?p=282768 WASHINGTON, D.C. — Another 900,000 Americans have filed first-time unemployment insurance claims for the week ending Jan. 16, the U.S. Department of Labor reported Thursday. The most recent figure is a decrease of 39,000 claims from the previous week’s revised level of 926,000, but still remains higher than pre-pandemic levels. Initial weekly claims hovered around […]

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The Presentation Of Obsolescence Helps Commercial Property Owners Achieve Successful Tax Appeals https://rebusinessonline.com/the-presentation-of-obsolescence-helps-commercial-property-owners-achieve-successful-tax-appeals/?utm_source=rss&utm_medium=rss&utm_campaign=the-presentation-of-obsolescence-helps-commercial-property-owners-achieve-successful-tax-appeals Wed, 20 Jan 2021 12:30:39 +0000 http://rebusinessonline.com/?p=282660

By Angela Adolph, Esq. Judith Viorst, author of the children’s book Alexander and the Terrible, Horrible, No Good, Very Bad Day, had nothing on 2020. By virtually every metric, 2020 was a terrible, horrible, no good, very bad year. Most states have some sort of catastrophe exemption for a property tax abatement or reduction tied […]

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Initial Weekly Unemployment Assistance Claims Jump to 965,000 as Coronavirus Cases Climb https://rebusinessonline.com/initial-weekly-unemployment-assistance-claims-jump-to-965000-as-coronavirus-cases-climb/?utm_source=rss&utm_medium=rss&utm_campaign=initial-weekly-unemployment-assistance-claims-jump-to-965000-as-coronavirus-cases-climb Thu, 14 Jan 2021 17:10:53 +0000 http://rebusinessonline.com/?p=282265 WASHINGTON, D.C. — An additional 965,000 Americans filed for first-time unemployment assistance for the week ending Jan. 9, the U.S. Department of Labor reported Thursday. Economists surveyed by Dow Jones expected the total to reach 800,000, similar to the previous week’s revised total of 784,000. A main reason for the increase in claims is further […]

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Indoor Dining Expected to Resume Feb. 1 in Michigan https://rebusinessonline.com/indoor-dining-expected-to-resume-feb-1-in-michigan/?utm_source=rss&utm_medium=rss&utm_campaign=indoor-dining-expected-to-resume-feb-1-in-michigan Thu, 14 Jan 2021 14:43:57 +0000 http://rebusinessonline.com/?p=282212 LANSING, MICH. — The State of Michigan has continued its ban on indoor dining, but is expected to lift the restriction beginning Feb. 1. Indoor dining will resume with “mitigation measures, capacity limits and a curfew,” according to the Michigan Department of Health and Human Services. For now, a new epidemic order issued by the […]

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Detroit Auto Show Cancelled for 2021, Scaled-Down Version to Take Place in Pontiac https://rebusinessonline.com/detroit-auto-show-cancelled-for-2021-scaled-down-version-to-take-place-in-pontiac/?utm_source=rss&utm_medium=rss&utm_campaign=detroit-auto-show-cancelled-for-2021-scaled-down-version-to-take-place-in-pontiac Tue, 12 Jan 2021 14:50:42 +0000 http://rebusinessonline.com/?p=282045 DETROIT — The Detroit auto show, officially known as the North American International Auto Show, has been cancelled this year, according to media reports. The show, which was originally scheduled to take place at TCF Center this summer and then postponed to September, will now be replaced by an event at a racetrack in Pontiac, […]

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U.S. Economy Loses 140,000 Jobs in December, First Decline in Seven Months https://rebusinessonline.com/u-s-economy-loses-140000-jobs-in-december-first-decline-in-seven-months/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-economy-loses-140000-jobs-in-december-first-decline-in-seven-months Fri, 08 Jan 2021 16:20:03 +0000 http://rebusinessonline.com/?p=281848

WASHINGTON, D.C. — The U.S. economy lost 140,000 jobs in December, marking the first overall decrease since May 2020, the Department of Labor Statistics (BLS) reported Friday. Economists surveyed by Dow Jones had expected the report to show a gain of 50,000 jobs, still a muted expectation compared to November’s gains. The unemployment rate remained […]

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Exit from Pandemic Will Mirror a Butterfly’s Flight Path, Says Economist Peter Linneman https://rebusinessonline.com/exit-from-pandemic-will-mirror-a-butterflys-flight-path-says-economist-peter-linneman/?utm_source=rss&utm_medium=rss&utm_campaign=exit-from-pandemic-will-mirror-a-butterflys-flight-path-says-economist-peter-linneman Fri, 08 Jan 2021 14:45:44 +0000 http://rebusinessonline.com/?p=281793

The U.S. economy’s exit from the COVID-19 pandemic will mirror the flight path of a butterfly, according to economist Dr. Peter Linneman. In other words, it will move forward but also up, down and sideways — quite erratic and not terribly fast. Linneman’s comments came during a “Walker Webcast” hosted by Walker & Dunlop CEO […]

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Additional 787,000 Americans File for First-Time Unemployment Assistance https://rebusinessonline.com/additional-787000-americans-file-for-first-time-unemployment-assistance/?utm_source=rss&utm_medium=rss&utm_campaign=additional-787000-americans-file-for-first-time-unemployment-assistance Thu, 07 Jan 2021 15:07:54 +0000 http://rebusinessonline.com/?p=281686 WASHINGTON, D.C. — An additional 787,000 Americans have filed for first-time unemployment assistance for the week ending Jan. 2. Economists surveyed by Dow Jones expected the total number of claims to reach 815,000. The most recent figure was a slight decrease from the previous week’s revised number of 790,000, but still about four times higher […]

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Total Number of Weekly Unemployment Claims Dips to 787,000 in Last Week of December https://rebusinessonline.com/total-number-of-weekly-unemployment-claims-dips-to-787000-in-last-week-of-december/?utm_source=rss&utm_medium=rss&utm_campaign=total-number-of-weekly-unemployment-claims-dips-to-787000-in-last-week-of-december Mon, 04 Jan 2021 14:04:49 +0000 http://rebusinessonline.com/?p=281349 WASHINGTON, D.C. — A total of 787,000 Americans filed for first-time unemployment insurance assistance for the week ending Dec. 26, the U.S. Department of Labor reported Thursday, Dec. 31. The most recent figure marks a decrease of 19,000 claims from the previous week, though claims remain historically high compared to pre-pandemic numbers when claims hovered […]

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Freddie Mac, Fannie Mae to Extend Forbearance Programs to March 31, 2021 https://rebusinessonline.com/freddie-mac-fannie-mae-to-extend-forbearance-programs-to-march-31-2021/?utm_source=rss&utm_medium=rss&utm_campaign=freddie-mac-fannie-mae-to-extend-forbearance-programs-to-march-31-2021 Wed, 23 Dec 2020 16:07:04 +0000 http://rebusinessonline.com/?p=281292 MCLEAN, VA. AND WASHINGTON, D.C. — McLean-based Freddie Mac and Washington, D.C.-based Fannie Mae have extended their forbearance programs for multifamily borrowers that have been impacted by the COVID-19 pandemic. Under the programs, multifamily landlords whose properties are financed with a Freddie Mac or Fannie Mae loan can defer their loan payments by showing hardship […]

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First-Time Unemployment Claims Dip to 803,000, But Remain at Elevated Level https://rebusinessonline.com/another-803000-americans-file-for-first-time-unemployment-insurance-beating-economists-expectations/?utm_source=rss&utm_medium=rss&utm_campaign=another-803000-americans-file-for-first-time-unemployment-insurance-beating-economists-expectations Wed, 23 Dec 2020 16:06:32 +0000 http://rebusinessonline.com/?p=281283 WASHINGTON, D.C. — Another 803,000 Americans have filed for initial unemployment insurance assistance for the week ending Dec. 19, the U.S. Department of Labor reported Wednesday. The total is a decrease of 89,000 claims from the prior week’s revised level. Economists surveyed by Dow Jones expected the number to reach 888,000. The four-week moving average […]

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OfficeSpace Survey: 71 Percent of Employed Americans Eager to Return to the Office https://rebusinessonline.com/officespace-survey-71-percent-of-employed-americans-eager-to-return-to-the-office/?utm_source=rss&utm_medium=rss&utm_campaign=officespace-survey-71-percent-of-employed-americans-eager-to-return-to-the-office Mon, 21 Dec 2020 13:00:08 +0000 http://rebusinessonline.com/?p=281099

ATLANTA — The trend of working remotely swept the nation as a result of the COVID-19 pandemic this year. While some are relishing the opportunity to test drive their home offices, a large number of Americans are ready to return to the workplace. According to a recent survey of employed Americans commissioned by OfficeSpace Software, […]

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Initial Unemployment Claims Continue to Rise, Hitting 885,000 for the Week https://rebusinessonline.com/initial-unemployment-claims-continue-to-rise-hitting-885000-for-the-week/?utm_source=rss&utm_medium=rss&utm_campaign=initial-unemployment-claims-continue-to-rise-hitting-885000-for-the-week Thu, 17 Dec 2020 16:47:09 +0000 http://rebusinessonline.com/?p=280837 WASHINGTON, D.C. — Another 885,000 Americans filed for initial unemployment insurance for the week ending Dec. 12, the U.S. Department of Labor reported Thursday. The most recent figure marks a 23,000-claim jump from the previous week. Economists surveyed by Dow Jones expected the claims total to fall to 808,000. The 885,000 claims mark the highest […]

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Retail Sales in November Show Negative Growth for First Time Since May, Remain Higher than Last Year https://rebusinessonline.com/retail-sales-in-november-show-negative-growth-for-first-time-since-may-remain-higher-than-last-year/?utm_source=rss&utm_medium=rss&utm_campaign=retail-sales-in-november-show-negative-growth-for-first-time-since-may-remain-higher-than-last-year Wed, 16 Dec 2020 16:49:43 +0000 http://rebusinessonline.com/?p=280755 WASHINGTON, D.C. — Retail sales in November declined 1.1 percent compared to October of this year, the U.S. Commerce Department reported Wednesday. The monthly decline is the first dip since April, when sales plummeted 14.7 percent due to the COVID-19 pandemic. November sales totaled $546.5 billion, which was an increase of 4.1 percent from November […]

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Another 853,000 Americans File for First-Time Unemployment Insurance, Highest Tally Since September https://rebusinessonline.com/another-853000-americans-file-for-first-time-unemployment-insurance-highest-tally-since-september/?utm_source=rss&utm_medium=rss&utm_campaign=another-853000-americans-file-for-first-time-unemployment-insurance-highest-tally-since-september Thu, 10 Dec 2020 16:01:09 +0000 http://rebusinessonline.com/?p=280018 WASHINGTON, D.C. — Another 853,000 Americans filed for first-time unemployment insurance for the week ending Dec. 5, the U.S. Department of Labor reported Thursday. Economists surveyed by Dow Jones expected claims to total 730,000. The most recent figure is the highest weekly claim total since Sept. 19 and a 137,000-claim increase from the previous week’s […]

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NMHC: 75.4 Percent of Households Paid December Rent, Down 5 Percent from November https://rebusinessonline.com/nmhc-75-4-percent-of-households-paid-december-rent-down-5-percent-from-november/?utm_source=rss&utm_medium=rss&utm_campaign=nmhc-75-4-percent-of-households-paid-december-rent-down-5-percent-from-november Wed, 09 Dec 2020 16:19:00 +0000 http://rebusinessonline.com/?p=279919 WASHINGTON, D.C. — The National Multifamily Housing Council (NMHC) has found that 75.4 percent of apartment households paid rent as of Dec. 6.  NMHC surveyed its network of 11.4 million professionally managed units as part of its Rent Payment Tracker metric. The most recent figure is an 894,864-household decrease, or 7.8 percent, from Dec. 6, 2019. […]

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Michigan Department of Health Extends Restrictions on Indoor Gatherings Through Dec. 20 https://rebusinessonline.com/michigan-department-of-health-extends-ban-on-indoor-gatherings-through-dec-20/?utm_source=rss&utm_medium=rss&utm_campaign=michigan-department-of-health-extends-ban-on-indoor-gatherings-through-dec-20 Tue, 08 Dec 2020 14:41:46 +0000 http://rebusinessonline.com/?p=279801 LANSING, MICH. — The Michigan Department of Health and Human Services (MDHHS) has extended its order restricting indoor social gatherings and group activities by 12 days through Dec. 20. The department says the extension will enable it to determine the full impact of the Thanksgiving holiday on the spread of COVID-19 across the state. Under […]

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US Economy Adds 245,000 Jobs in November, Missing Economists’ Projections by a Wide Margin https://rebusinessonline.com/us-economy-adds-245000-jobs-in-november-missing-economists-projections-by-a-wide-margin/?utm_source=rss&utm_medium=rss&utm_campaign=us-economy-adds-245000-jobs-in-november-missing-economists-projections-by-a-wide-margin Fri, 04 Dec 2020 16:33:33 +0000 http://rebusinessonline.com/?p=279609

WASHINGTON, D.C. — The U.S. economy added 245,000 jobs in November, the U.S. Bureau of Labor Statistics (BLS) announced Friday. Economists surveyed by Dow Jones had expected the total jobs added to reach 469,000. The unemployment rate dipped 20 basis points from October to 6.7 percent. The most recent figure marks the seventh consecutive month […]

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Weekly Unemployment Claims Dip to 712,000, Lowest Total in Three Weeks https://rebusinessonline.com/weekly-unemployment-claims-dip-to-712000-lowest-total-in-three-weeks/?utm_source=rss&utm_medium=rss&utm_campaign=weekly-unemployment-claims-dip-to-712000-lowest-total-in-three-weeks Thu, 03 Dec 2020 16:43:46 +0000 http://rebusinessonline.com/?p=279483 WASHINGTON, D.C. — Another 712,000 Americans filed for weekly unemployment claims during the week ending Nov. 28, the U.S. Department of Labor reported. The most recent figure is a decrease of 75,000 claims from 787,000 the previous week. It is the lowest since the week ending Nov. 7 (709,000 claims), which is also the lowest […]

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NRF Forecasts Holiday Sales to Grow up to 5.2 percent Despite COVID 19 Pandemic https://rebusinessonline.com/nrf-holiday-sales-to-grow-up-to-5-2-percent-despite-covid-19-pandemic/?utm_source=rss&utm_medium=rss&utm_campaign=nrf-holiday-sales-to-grow-up-to-5-2-percent-despite-covid-19-pandemic Mon, 30 Nov 2020 16:43:23 +0000 http://rebusinessonline.com/?p=279169 WASHINGTON, D.C. — Retail consumers have shown excitement for holiday shopping this year, says Matthew Shay, president and CEO of the National Retail Federation (NRF). Because of the challenges of this year, Shay and the NRF believe people will buy gifts that may “lift the spirits of family and friends.” The NRF has forecasted U.S. […]

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