Investment

The financial impact of COVID-19 and the measures to decelerate the pandemic have been immediate and widespread, and the housing market is not immune.

Financial institutions have seen drops since Q4, and are underperforming in the wake of COVID-19.

While California Governor Gavin Newsom has placed a two-month delay on imposing evictions for people who cannot pay rent due to the COVID-19 crisis, many feel there is not enough being done to address their needs.

Millions of homeowners and renters alike are at risk of losing their income in the wake of COVID-19, with around 13 million Americans reliant on wages from at-risk jobs.

Despite some big banks showing some growth in the past five days, even the top performers have seen their market cap decline drastically.

In this Video Spotlight, get an update on the distressed mortgages and their impact on real estate investment trusts.

Already-low rental home inventory, relative to increased demand, drove the rental vacancy rate on one-unit homes down to 5.2%, which was the lowest one-unit rental vacancy rate since 1995.

Dubravko Lakos-Bujas, Chief U.S. Equity Strategist at JPMorgan, states that aggressive policies are needed to prevent a broader capitulation of equities.

While the rental market propped up by low-end rentals, the size homes are getting smaller.

Real estate investment trusts prices have seen a dramatic decline, opening up a good investment opportunity.