The race for a safe and effective COVID-19 vaccine took another important step forward on Monday, when Moderna announced the preliminary results of its phase three clinical trials. The pharmaceutical company reported that the vaccine was 94.5% effective in preventing infection by triggering an immune response using messenger RNA. Moderna is now the second company, […]
With time winding down to the 2020 presidential election on Nov. 3, the typical hyperdrive of American politics is in full swing. As always, apart from the partisan divide, there are some very practical effects that elections tend to have on real estate in the United States. Historically, presidential elections have slowed down home sales […]
More than six months into the coronavirus pandemic, assessing damage in the commercial real estate market is now more feasible in a broader economic context. And it’s not pretty, according to recent appraisals of commercial mortgage-backed securities. With a surge in defaults on payments and special servicing of commercial loans, appraisals on the value of […]
One of the most remarkable developments to come from the coronavirus pandemic has been the soaring suburban real estate market in regions across the United States. Perhaps nowhere has this trend been more evident than in the Philadelphia area and large parts of New Jersey, where median home prices have soared in 2020. In February, […]
The future of commercial real estate has been among the most concerning topics for investors to consider during the COVID-19 crisis in the United States. With millions of people out of work and most companies sticking to virtual operations where possible, the market for office space faces a crossroads. Will the value of these leases […]
Large-scale crises have a way of exposing inefficiency and waste like no other economic trend can bring to our often-divided attention. The coronavirus pandemic has left thousands of commercial buildings vacant across the United States. Businesses that can have shifted to a virtual workplace, while others face the prospect of going under. Some will return […]
For nearly six months since the coronavirus pandemic upturned the U.S. economy, most of the conversation around commercial real estate has been doom and gloom. As analysts and investors fret over the future of the office building in the age of remote work, or the uncertain path forward for college housing, it’s easy to overlook […]
Very few industries can afford to remain static. Real estate is no exception. Innovation in other sectors, in due time, is bound to upend many of the norms that guide the information economy of markets around them. In the real estate world, the wave of big data and artificial intelligence has been steadily advancing on […]
The recovery of the U.S. housing market after the first wave of COVID-19 lockdowns has been nothing short of remarkable. Just when many observers feared a downturn similar to the 2008 recession, the resumption of market activity saw a surge in pent-up demand across the country. A record rebound in May and June put to […]
When the onset of the coronavirus pandemic brought most home sales in the United States to a screeching halt in March and April, a sense of panic emerged about how long the normally bustling industry would be stifled. A new report from the National Association of Realtors offers a strong indicator that the summers months […]
