D.C. Metro & National Real Estate News

March 30, 2020

3/30/20

 

 

 

 

 

DID YOU KNOW?

Gregg Altschul - a brilliant COMPASS engineer - sent this outstanding video from Dr. Price of Cornell Medical Center in NYC that calmly and comprehensively explains the realities of CORONAVIRUS and actionable things you can do to protect yourself and your family.  Thanks Gregg!


DID YOU KNOW?

Though a vaccine is expected to be at least 12 months away, doctors are scrambling to improve testing and find anti-viral treatments. A team of hundreds of scientists from New York to Paris are testing 50 drugs as treatments against the virus. 

Posted in Community News
March 26, 2020

3/26/20

 

 

 

 

 

 

DID YOU KNOW?

Today, 67 years ago, American medical researcher Dr. Jonas Salk announced he'd successfully tested a vaccine against polio. In 1952—an epidemic year for polio—there were 58,000 new cases reported in the USA, and more than 3,000 died from the disease.  The vaccine eventually eradicated the disease globally.

 

 

Posted in Community News
March 25, 2020

3/25/20

 

 

DID YOU KNOW?

Your brand never sleeps. When on a video conference call, people can see you. They can see the room you are in. Be brand aware at ALL TIMES! And always mute your side when not speaking. Background noise can be NOISY!

 

DID YOU KNOW?

Some good news to start the day:  An estimated $2 trillion stimulus package was agreed to overnight aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic.

Posted in Community News
March 24, 2020

3/24/20

 

 

 

DID YOU KNOW?

Hopefully an approximate $2 Trillion rescue stimulus package is passed today, flaws and all. My wealthiest clients are betting on it.....and buying LOTS of equities. Brace yourself when we emerge from this moment: while some will tragically be beaten up financially, some will make and grow their fortunes dramatically, especially when a recovery ensues - hopefully - in a few months time.

 

DID YOU KNOW?

If you lose your sense of taste and/or smell this could be the earliest warning signals of Coronavirus. (NY Times)

Posted in Community News
March 23, 2020

3/23/20

 

 

 

 

 

DID YOU KNOW?

Scientists are actively working around the globe to repurpose drugs that have been designed for conditions from Ebola to arthritis to treat the coronavirus. The WHO has launched a multi-country study of four possible drugs and combinations, while Roche, Sanofi and Regeneron have started trials on humans. More than 200 trials are underway in this effort, where possibly for the first time in history the world is united against one enemy. (FT)

 

DID YOU KNOW?
Cisco is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley initiates an investment blitz to help in the fight. Facebook has announced it will offer $100 million in cash grants and ad credits for up to 30,000 eligible small businesses. (CNBC)

 

Posted in Community News
March 20, 2020

3/20/20

 

 

 

 

DID YOU KNOW?

Those aiming to get a new mortgage — either to refinance their existing home loan or to purchase a mortgage — shouldn’t worry too much about interest rates staying this elevated, as they jumped recently due to long-term bond yields rising. Economists have said lenders will likely bring rates back down to an extent once they’ve worked through their backlog of applications. (Marketwatch)

DID YOU KNOW?

States and cities across the U.S. are scrambling to quickly draw millions of dollars from their reserves to help cover coronavirus-related expenses such as testing and unemployment insurance, while also bracing for steep tax-revenue declines. (WSJ)

Posted in Community News
March 19, 2020

3/19/20

 

 

 

 

 

DID YOU KNOW?
A coronavirus aid package was passed by Congress yesterday providing free testing and two-week paid sick leave for full-time workers who fall ill. The bipartisan, multi-billion dollar relief bill was approved by the House late Sunday and passed in the Senate earlier yesterday. The bill also provides $1 billion in food aid to the needy and $1 billion in unemployment funds to states as the number of coronavirus cases soared past 9,400 across the USA. 
 

DID YOU KNOW?

87% of the total recorded cases in China have fully recovered around 79 days after it recorded its first cases in Wuhan. For the first time since the coronavirus outbreak started, China has reported no new domestic transmissions, a major milestone in the country’s fight against the pandemic. All new cases were from people returning to China. (Guardian)

Posted in Community News
March 16, 2020

3/16/20

 

 

DID YOU KNOW?

A clinical trial evaluating a vaccine designed to protect against the new coronavirus will begin Monday, according to a government official. The first participant in the trial will receive the experimental vaccine on Monday, the official said, speaking on the condition of anonymity because the trial has not been publicly announced yet. The National Institutes of Health is funding the trial, which is taking place at the Kaiser Permanente Washington Health Research Institute in Seattle, the official said. Public health officials say it will take a year to 18 months to fully validate any potential vaccine.

 

 

DID YOU KNOW?

Of the global Coronavirus cases right now, 93% are mild, but 7% are serious or critical. Just under 4% of total cases have been lethal. Over 7% of identified cases in Italy have been lethal compared to 4% in China that is now seeing the number of new cases dropping notably. (Worldometer)

 

Posted in Community News
March 13, 2020

3/13/20

 

 

 

 

 

DID YOU KNOW?
U.S. household wealth rose to $118.4 trillion in the final quarter of last year, a Federal Reserve report on Thursday showed.....but the past two week's market activity is certain to reduce this wealth notably.  (REUTERS)
 

DID YOU KNOW?

Equity markets are now officially in bear territory as the market sell-off continued yesterday with the largest drop since 1987. The numbers of course appear much more daunting than the percentages because the value of the equity markets have soared so far in the past decade, although both are big. I'm reminded of the large swaths of cash sitting on the sidelines that have awaited bargain buying moments that could be on the horizon....expect some huge fortunes to be made because of this crisis.

Posted in Community News
March 12, 2020

3/12/20

 

 

 

DID YOU KNOW?

Mark Palermo alerted me that 16-year-old TESLA sold its ONE-MILLIONTH electric clean-energy (and quiet!) mostly-made-in-the-USA car this week! Why does this have relevance to real estate you might ask? Tesla not only makes cars, but it also makes solar panels and roof systems to create energy and batteries to store the energy to power cars (and the home)....these cars reduce smog and noise pollution, all big benefits to real estate...and quality of life.

 

 

DID YOU KNOW?

Refinance applications rose a whopping 79% last week and were 479% higher than a year ago. Mortgage applications to purchase a home increased a much milder 6% for the week and were 12% higher annually. Mortgage rates have come off their record lows and took a sizable move higher on Tuesday, as news of potential government stimulus to combat the financial effects of COVID-19 circulated.

Posted in Community News