A booming housing market alongside a fragile rental market is how this unexpectedly eventful year closes. The following is a list of unexpected experiences – which were not all bad – during 2020.
- CDC prevents evictions until December 31, 2020
- 30 year fixed Mortgage rates began the year low, and dropped further-partially fueling a ‘ single family’ residential housing boom.
- Rentals rates in New York and San Fransisco fell 11%, but did not plummet.
- Congress passes a ‘first-ever’ housing assistance program providing stimulus relief. Funds may be used for past-due, current and future rent payments.
- Stay-at-home restrictions strain scarce contractor resources as more people renovated their existing living spaces. Dovetailing this event was the trade war with China increasing major home appliances prices at the retail level.
- The surge in constant internet use provided by wireless and cable carriers did not break the internet, as feared. Companies big and small pivot.
- The most active hurricane season on record displaces thousands of residents in States bordering the Gulf of Mexico. Heroes emerge to help.
As always, Baron appreciates your feedback. Have an amazing 2021.
A booming housing market alongside a fragile rental market is how this unexpectedly eventful year closes. The following is a list of unexpected experiences – which were not all bad – during 2020.
- CDC prevents evictions through December 31, 2020
- 30 year fixed Mortgage rates began the year low and dropped further-partially fueling a ‘ single-family’ residential housing boom.
- Rentals rates in New York and San Fransisco fell 11% but did not plummet.
- Congress passes a ‘first-ever’ housing assistance program providing stimulus relief. Funds assist with past-due, current, and future rent payments.
- Stay-at-home restrictions strain scarce contractor resources as more people renovated their existing living spaces. Dovetailing this event was the trade war with China increasing home appliances prices at the retail level.
- The surge in constant internet use provided by wireless and cable carriers did not break the internet, as feared. Companies big and small pivot.
- The most active hurricane season on record displaces thousands of residents in States bordering the Gulf of Mexico. Heroes emerge to help.
As always, Baron appreciates your feedback. Have an amazing 2021.
As always, Baron appreciates your feedback. Have an amazing 2021!