update April 3,2020 NewHampshireREIA.org
Congress Passes Historic Trillion Dollar Stimulus Package
In late March Congress passed (and the President signed) a historic $2 trillion economic-rescue package (CARES Act) for individuals and businesses affected by the Coronavirus pandemic. CNBC’s Kelly Evans interviewed the Wall Street Journal’s executive Washington editor, Gerald Seib about the bill and its implications for helping America through this crisis. Click here to read more.
Unemployment Claims Spike off the Charts
A recent “chart of the week” from the Mortgage Bankers Association vividly illustrates the U.S. Department of Labor unemployment statistics from mid-March: jobless claims spiked to over 3.3 million! Click here to read more.
FHFA Index Says U.S Home Prices Up 5.2% Year-Over-Year
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 0.3% in January, 2020. In addition, they report that home prices were up 5.2% from January 2019 to January 2020. Click here to read more.
Pending Home Sales Up 2.4% in February
The National Association of Realtors is reporting that pending home sales were up 2.4% in February with the NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increasing to 111.5. Click here to read more.
FBI Sees Rise in Coronavirus Fraud Schemes
We have had several posts about the dangers of cybercrime over the past few years. Recently, the FBI said they have seen an uptick in the number of scams & methods for cyber-criminals to steal your money, personal information or both during the current Coronavirus pandemic. Click here to read more.
How Does a Crisis Affect Your Investment?
Managing your properties during any crisis is a challenge, let alone the current Coronavirus pandemic we’re experiencing. On a recent episode of the Rent Perfect Podcast, David Pickron talks with longtime property manager and seasoned housing provider Anne McCawley about how to manage your properties during a time of crisis. Anne gives great insight on how to plan for and maneuver through these challenging times. Click here to read more.
Negative Interest Hit US Treasury Bills
In late March yields on both the 1-month and 3-month U.S. Treasury Bills entered negative territory – the first time in almost 5 years that this has happened. Click here to read more.
ABODO Says Americans Worried About Making Rent
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in April was $1,088 with two-bedroom units coming in at $1,354. However they caution that Americans are worried about paying the rent during the ongoing Coronavirus pandemic. Click here to read more.
S&P CoreLogic Case-Shiller Index Up 3.8%
According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 3.9% annual gain in January. Their 10-City Composite annual increase came in at 2.6% and the 20-City Composite posted a 3.1% year-over-year gain. Click here to read more.
Breaking Down the $2 Trillion Coronavirus Stimulus Package
Infographic: In late March, the U.S. Congress passed and President Trump signed the $2 trillion Coronavirus relief bill known as the CARES Act. The folks over at howmuch.net recently put together a simple chart outlining where this money is going and how it will help America. Click here to read more.
Mike Hurney is the Founder and Director of MassRealEstate.net, an Association of Contractors, Investors and Landlords. He is the Author and Coach of the popular Course "How to Become a Real Estate Investor in 12 Easy Lessons" which Trains and Guides Beginners or Sharpens and Challenges the Skill of Advanced Investors. Mike is a Successful Real Estate Investor, Rehabber and Landlord. He's also a Licensed Mortgage Broker and Construction Supervisor.