Real Estate COVID-19 Resources

Our Real Estate services group has compiled articles and resources to help businesses find the needed information to assist them in navigating the COVID-19 crisis.

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Real Estate COVID-19 Resources

Our Real Estate services group has compiled articles and resources to help businesses find the needed information to assist them in navigating the COVID-19 crisis.

Along with other businesses, those in the real estate business have been thrust into the great unknown amid the extraordinary amount of disruption caused by the global outbreak of the Coronavirus Disease. To assist in navigating these turbulent times, our team of real estate experts have created and compiled several resources to help you tackle these challenges while continuing to meet the needs of your customers.

COVID-19 Insights

COVID-19 Toolkits

COVID-19 Webinars

Trending Real Estate Articles

3 Types of Commercial Real Estate to Buy After Coronavirus
Commercial real estate has experienced volatility since the Coronavirus shutdowns. Businesses have found it difficult to afford their lease payments because of forced closures. Residential tenants have struggled to keep up with their rent payments because of record unemployment numbers. And commercial property owners are having to deal with the fallout on all fronts. While some commercial asset types will struggle and may never recover from this downturn, there are a few that we feel will actually thrive in the post-Coronavirus world. read on

Litigation, vacant spaces: How COVID-19 is shifting commercial real estate
The COVID-19 pandemic and ongoing concerns about the virus spreading are causing key shifts in the commercial real estate market, driven by remote working and a decline in business activity. The pandemic-led closures also are leading to new litigation over unpaid rent and raising questions about the future uses of space, all while landlords and tenants seek recourse. read on

Existing-Home Sales Surge to Record Pace in June
Existing-home sales rebounded at a record pace in June, following three consecutive months of sales declines, the National Association of REALTORS® reported on Wednesday. Each of the four major regions of the U.S. posted month-over-month increases in June, with the West posting the largest jump. read on

Bill Proposes ‘Pandemic Savings’ for First-Time Home Buyers
A new bill introduced into the U.S. House of Representatives would allow first-time home buyers to withdraw funds tax-free from their retirement accounts under the umbrella of coronavirus-related distributions to use toward a down payment on their first time. Rep. Sean Maloney, D-N.Y., introduced the bill this week, a measure that the National Association of REALTORS® supports in helping first-time buyers achieve homeownership. read on

5 Ways the Coronavirus Has Changed Suburban Real Estate
Thousands of New Yorkers left the city and headed to the suburbs during the pandemic, and real estate there hasn’t been the same since. read on

Commercial real estate ‘somehow has been skipped over,’ for COVID-19 aid. Here’s a plan to change that through equity investments
Commercial real estate’s COVID-19 woes can’t be patched up with more debt. That’s Lisa Pendergast, executive director of the CRE Finance Council, an industry group focused on the $4.6 trillion commercial real estate finance market, on the pile of problems confronting properties as a result of the coronavirus pandemic. read on

Pandemic Has Made Americans More Eager to Buy, Survey Finds
The pandemic isn’t scaring off home buyers. More than half—or 53% of about 1,000 home buyers recently surveyed—say they are more likely to buy a home in the next year due to the coronavirus outbreak. First-time home buyers and millennials may be the most eager to buy within the next 12 months, the survey from LendingTree shows. read on

IRS Grants Extra Time for Opportunity Zone Investments
The IRS is giving investors extra time to reinvest capital gains into a qualified opportunity zone fund. Typically, investors have 180 days from when they receive a capital gain to reinvest the money into a qualified opportunity fund. In a statement late last week, the IRS extended that period. For example, those whose 180-day period would have ended between April 1 and December 30 now have until Dec. 31 to reinvest any proceeds. read on

Newly Unemployed Service Workers Owe $1.7B-Plus in Monthly Housing Payments
The COVID-19 pandemic is continuing to cause worry in the U.S. and a recent report from Zillow revealed that newly unemployed service workers owe more than $1.7 billion per month in housing payments. read on

COVID-19 and Tax Effects on Real Estate
Kate Kraus, at partner at Allen Matkins, tells Tax Notes legal reporter Eric Yauch the unexpected tax results of recent coronavirus legislation on the real estate market … read on

Confidence Runs Higher on Unemployment Funding
Independent contractors and the self-employed are now eligible for unemployment benefits under the CARES Act and the Pandemic Unemployment Assistance program. However, many are finding themselves stymied when trying to navigate their state’s application process. In a new video from the National Association of REALTORS®, two practitioners share their successful experiences, while employment law experts provide encouragement about how to prepare and what to expect. read on

If Landlords Get Wiped Out, Wall Street Wins, Not Renters
Nobody’s bailing out Connecticut landlord Maribeth Shields.
More than half of the tenants in the 27 low-income apartments she owns in the city of West Haven and its vicinity aren’t paying and there’s nothing she can do about it. The state banned evictions until July and allowed tenants hurt by the pandemic to defer with no penalty. read on

Brokerages Adapt to New Realities
While it’s hardly business as usual in the midst of a global pandemic, real estate brokerages have been quick to respond to the changing times to keep business moving forward. In areas of the country where shelter-in-place or stay-at-home orders have been instituted to curb the COVID-19 outbreak, real estate, title, and mortgage companies have been deemed “essential” to keep home sales going. But real estate professionals must still follow social distancing guidelines set forth by their cities and states, so transactions must happen in an adapted way … read on

New Multifamily Projects Struggle to Land Tenants Amid Frozen Economy
The economic shutdown precipitated by the comprehensive social distancing measures underway across the United States came at a time when the multifamily construction pipeline was chock full of new projects scheduled to open throughout the year … read on

Mnuchin Offers Reassurances on Stability of Mortgage Market
Treasury Secretary Steven Mnuchin offered reassurances Monday on the stability of the U.S. mortgage market amid the coronavirus pandemic and the squeeze it has put on mortgage servicers … read on

Coronavirus’ Impacts On Real Estate: Why You Need to Think Short-Term and Longer-Term
The real estate industry is being clobbered by the coronavirus, and it’s going to get worse before it gets better. The effects on real estate will vary by sector and market, and the extent of the effects will depend upon the duration of the economic shutdown. …read on

Coronavirus Impacting How (or if) Realtors Hold Open Houses
The coronavirus pandemic is impacting how real estate companies in Massachusetts are showing off homes for sale. The Massachusetts Association of Realtors has sent out guidance suggesting that the number of public open houses should be limited …read on

Coronavirus-Related Construction Crackdown Could Spur Real Estate Market Correction, says BU Economist
Construction stopped on at least 21.4 million square feet of new or renovated development on Tuesday — one day after the Boston Planning & Development Agency announced it was indefinitely postponing all public meetings, effectively putting a stop to new development approvals … read on

Boston Fed’s Rosengren: COVID-19 Will Have Long-Term Effects on Commercial Real Estate
The coronavirus outbreak will hamper commercial real estate deals in the coming months, but its effects on the market for office space are poised to be felt for much longer than that, the head of the Federal Reserve Bank of Boston said Wednesday. … read on

Visit our Coronavirus Resource Center

We have created this resource center as a central way to keep you informed of the steps we are taking at this time, and offer you some additional resources and information to help your organization during these difficult times. Our team at blum will stay focused on answering your most pressing questions regarding your business including updates on HR policies, tax deadlines, SBA loan availability, cyber and internal controls, productivity and efficiency, work at home capabilities and security,  business modeling and more. In addition, we will continue to provide timely updates as federal and state officials provide guidance and enact measures.

Additional COVID-19 Resources