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In today’s news
It’s Simon vs. Gap in a lawsuit filed this week over a reported $66 million in unpaid rent and more since COVID-19 slammed the doors on in-person retailing. Is this just the beginning of a wave of such showdowns?
Only 9.6% of respondents to a national survey of residents of multifamily housing said they don’t expect to pay their June rent, and nearly 85% will make good by June 10. That’s an improvement over May.
CoreLogic, a leading property data analytics provider, predicted this week that home prices nationally will fall 1.3% by April 2021 after nine years of annual gains. Hardest hit? Areas heavily dependent on the fossil fuel industry or tourism.
Homes that sat on the market for months, even years, are being snatched up in suburbs around the Big Apple as the pandemic prompts urbanites to become suburbanites.
Market Moves and Movers
Healthcare REITs seem like a good place to invest in a time of uncertain prospects for many businesses. Here, Millionacres compares two candidates for individual investor dollars.
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