In today's news
Coresight Research says 20,000 to 25,000 retail stores could close in the U.S. this year – with as many as 60% of them in malls – as the coronavirus pandemic ravages public health and brick-and-mortar commerce.
The Mortgage Bankers Association says weakening investor appetite for loan programs at the margins has helped drive credit availability to its lowest level since 2014.
In some areas across the country, one-quarter or more of residential listings are "pandemic-priced," Weiss Analytics reports, with three smaller Texas markets leading the way down.
Now on Millionacres:
This investor says he's seeing a lot of optimistic scenarios that make mortgage real estate investment trusts (REITs) a hot opportunity. On the other hand, "Every other scenario looks ugly." Get both sides from our writer, who says he's sticking to the sidelines on this one.
There are pandemic-driven arguments for investors to be concerned about shrinking demand for office space, especially in big cities, but one big investment house says not so fast, arguing that social distancing and social needs might help keep the desire for leased digs alive.
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