Apartment rent growth slows in San Francisco and Oakland, even before the full effect of pandemic
Bay Area apartment rents slowed in March, a prelude to what is expected to be a much harder hit once the effects of the COVID-19 pandemic start factoring into rental rates. A RentCafe analysis for March showed what was described as an “atypicalâ€.....»»
SFBT Tuesday Digest: S.F. apartment demand; Big housing plans meet lawsuit
Meanwhile, a San Francisco supervisor plans to introduce legislation Tuesday that would excuse small businesses from paying rent when required to shut down under pandemic health orders......»»
San Francisco fintech aggressively expands, looks to hire in Pittsburgh
The fintech sees a growth opportunity in financing home flippers that choose to rent the homes they renovate. More are choosing to do so as home-price appreciation slows......»»
Planned Seattle skyscraper will be built as condos, developer says
As apartment rent growth slows, more and more developers are shifting to condos. Three condo towers are already under construction downtown......»»
National Apartment Rents Rise After Pandemic Plunge
National Apartment Rents Rise After Pandemic Plunge As the virus pandemic upended life last year, pricey cities across the US experienced rapid declines in rent prices and widespread conce.....»»
Not even the pandemic and political unrest could knock Hong Kong from its spot as the world"s most expensive city to rent a luxury apartment
A $10,000 monthly budget in Hong Kong will get a renter less than 1,500 sq. ft. of living space. One home in the city is being rented for $2 million a year. Luxury apartment buildings are.....»»
Economic sweet spots: As pandemic recedes, North Carolina "just right" for major job growth
It’s a Goldilocks moment for North Carolina as companies that are looking to expand find it a perfect fit. The question is: Can the state take full advantage of this opportune moment?.....»»
Life Expectancy Was Declining in These States Even Before the Pandemic
The full effect of the COVID-19 pandemic on life expectancy in the U.S. won’t be known for a few more years, certainly not before the pandemic has been declared over. But the coronavirus has indeed........»»
Progressive Democrats want to cancel rent and mortgage payments for the length of the pandemic
The bill led by Rep. Ilhan Omar includes full payment forgiveness without any accumulation of debt, as well as relief funds for landlords and tenants. Reps. Ayanna Pressley (D-MA), Ilhan Omar (D-MN), Alexandria Ocasio-Cortez (D.....»»
Despite heavy demand, KC homebuilders anticipate a year full of challenges
After explosive growth in 2020, Kansas City homebuilders are optimistic but guarded going into the second year of the pandemic......»»
What apartment hunters are looking for during the pandemic
The good news for many people who won’t be going back to their offices until at least the spring is that they can look for an apartment a little farther away that offers them a lower rent and more square footage......»»
"A banner year": US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist
"Most of what we've done this last year is really going to start to take hold in 2021," Jim Paulsen told CNBC. Reuters / Brendan McDermid Leuthold Group's Jim Paulsen told CNBC.....»»
Most tenants still paying their rent, says NMHC
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.7 percent of apartment households made a full or partial rent payment by May 13 in its survey of 11.4 million units of professionally managed apartment uni.....»»
Apartment rentals showing signs of life, says Equity Residential
Apartment giant Equity Residential says its leasing business is starting to show signs of life. In its first quarter earnings report, the company said 97 percent of its tenants have been paying their rent through the coronavirus pandemic. â€.....»»
Airbnb has laid off 25% of its staff. Meet CEO Brian Chesky, who cofounded the company in 2008 to help pay his San Francisco apartment"s rent and is now worth $4.1 billion.
Dia Dipasupil/Getty Images for Tribeca Film Festival Airbnb has laid off 25% of its staff, nearly .....»»
Smaller landlords will suffer if they can"t collect rent
When the boiler broke recently in the small apartment building Lincoln Eccles owns in Crown Heights, Brooklyn, the second-generation Jamaican immigrant spent $10,000 to repair it. He had to and take... To view the full story, click the title link......»»
Community Bank of the Bay Earns $886,000 in First Quarter 2020; Loans and Deposits Increase 21% Year-Over-Year; Details COVID-19 Response
OAKLAND, Calif., April 30, 2020 (GLOBE NEWSWIRE) -- Community Bank of the Bay (OTC:CBYAA), a San Francisco Bay Area commercial bank with full-service offices in Oakland, Danville and San Mateo, today reported that net inco.....»»
As rent strike looms, lenders and landlords confront wave of delinquencies
New York Community Bancorp, the city’s largest lender to apartment<…; landlords, said up to 20% of tenants in its rent-regulated buildings aren’t paying rent—which is actually a better rate than... To view the full story, click the title link......»»
Facebook ad revenue stabilizes after coronavirus slows growth
CEO Mark Zuckerberg said Facebook has seen more engagement amid the pandemic......»»
: AMD earnings hit target, but annual forecast trimmed as business spending slows
Advanced Micro Devices Inc. shrank in the extended session Tuesday after the chip company admitted that the COVID-19 pandemic would trim its growth in 2020......»»
Google"s growth slows as pandemic hits ad market
Google reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales. .....»»