In Today’s News
Some Housing Market Relief Extended. Tax Returns Still Due on July 15
The feds extended at least two pandemic-related deadlines this week: forbearance agreements for multifamily property owners with Fannie Mae or Freddie Mac loans, and the FHA extending desktop and exterior-only appraisals for new mortgages. But the big-ticket item? The IRS says 2019 returns are still due on July 15.
Hotel Sector Rocked by Delinquent Payments: Tip of the Iceberg?
This report says some wealthy fund owners of hotel properties are starting to skip payments, calling it “a sign of a big crisis underway” that could spread across sectors.
But the Apartment Rent’s Getting Paid, MostlyThe National Multifamily Housing Council says nearly 95% of 11.1 million apartment households it surveyed had made full or partial rent payments by June 27. That’s up slightly from last month.
Brookfield to Launch Virtual Fitting Room Kiosks This Summer
Combining virus safety with bricks-and-mortar, major malls in Chicago, Dallas and Los Angeles will be the first to offer virtual fitting room kiosks beginning in August.
Today on Millionacres
Are REITs a Good Inflation Hedge?
A Millionacres reader asked, and our Matt Frankel answered. See what he had to say here.