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There's Still a Struggle Ahead But Signs Emerge that the Economy is ReawakeningThe COVID-19 pandemic started to strain the housing market in April, but amid the strain prices are holding firm, according to a new research report. Data shows that housing starts declined by 30% and building permits … [Read more...] about Commercial Real Estate & Business News – June 2, 2020

Ducey Announces $600M in Coronavirus Relief FundsThe Governor's Office is providing nearly $600 million in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan announced today by Governor Doug Ducey. The plan includes $441 million in direct, … [Read more...] about Commercial Real Estate & Business News – June 1, 2020

Phoenix Is Officially Open for BusinessThe Phoenix market has officially opened for business, with all retailers allowed to serve customers. While some retailers have decided to stay closed or offer only limited service by their own choice, most are completely open and actually seeing activity from … [Read more...] about Commercial Real Estate & Business News – May 29, 2020

Is The Housing Market Already Rebounding From COVID-19?Cabin fever is a real thing. And you don't have to live in a cabin to get it. With everyone chomping at the bit to get back to "normal," I thought it would be useful to check in on the five metrics I previously identified as signals for the … [Read more...] about Commercial Real Estate & Business News – May 28, 2020

Borrowers Pony Up More Cash Reserves to Move Loans ForwardMany lenders that hit the pause button on new originations at the start of the pandemic are stepping back into action, albeit with a more conservative playbook than they had at the start of the year. One big difference: lenders have new … [Read more...] about Commercial Real Estate & Business News – May 27, 2020

ULI forecast: Pandemic-induced Recession Will be Short, but Many Unknowns RemainThe Urban Land Institute's latest Real Estate Economic Forecast shows that, while the COVID-19 crisis has sent shockwaves throughout the world, U.S. real estate economists are predicting some light at the end of the … [Read more...] about Commercial Real Estate & Business News – May 26, 2020