fbpx
Building Successful Relationships

WCRE COVID-19 Resource Center


US Jobs Report Shatters Expectations

US Jobs Report Shatters Expectations

Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a damper on the struggling U.S. economy. Nonfarm payrolls increased 1.763 million for the month, the Labor Department reported Friday. The unemployment rate fell to 10.2% from its previous 11.1%, […]

Read More....

Five Charts Illustrating Current U.S. Economic Trends

Five Charts Illustrating Current U.S. Economic Trends

States are taking differing approaches to reopening and closing during the pandemic, and the economy has been feeling the impact. More than half of states have instituted statewide mask mandates to slow the spread of the coronavirus. Some have imposed curfews and group size limits for bars and restaurants. The economic worry tied to rising […]

Read More....

Philly Schools to Return Virtually in Fall

Philly Schools to Return Virtually in Fall

The Philadelphia School Board has voted to begin the school year online. The Board announced its approval of an all-virtual plan during a 7-1 vote on Thursday afternoon. Superintendent Dr. William Hite says the school year will begin virtually on September 2. Classes will be held virtually until at least November 17, which marks the […]

Read More....

Fed to Hold Rates Steady Based on Economic Data

Fed to Hold Rates Steady Based on Economic Data

The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along […]

Read More....

Property Management with Safety in Mind

Let’s look at safety as it relates to property management. As a property manager, you have an important responsibility. Building tenants and owners all rely on you to keep the property safe, orderly and functioning. However, there are also many hazards relating to your property management duties, including dealing with unruly people, performing a wide […]

Read More....

Murphy Announces a New Relief Program for Small Businesses

Murphy Announces a New Relief Program for Small Businesses

Governor Murphy announced a new relief program for small businesses impacted by the COVID-19 pandemic. The Small Business Lease – Emergency Assistance Grant Program (SBL-EAGP) will allow businesses in 64 eligible municipalities to apply for grants of up to $10,000 for lease costs. The program will assist small business owners impacted by the COVID-19 pandemic, […]

Read More....

Senate and White House Agree on $1 Trillion Aid Bill

Senate and White House Agree on $1 Trillion Aid Bill

Senate Republicans announced Wednesday evening that they have “reached a fundamental agreement” with White House negotiators on how to move forward with a coronavirus relief bill. The tentative framework comes amid tension in the Republican Party over how to respond to the coronavirus pandemic, which is forcing states to re-evaluate their plans to reopen and to address the growing […]

Read More....

Real Estate Depreciation Change in CARES Act

Real Estate Depreciation Change in CARES Act

A welcomed change to real estate depreciation came in the recent CARES Act. We tax practitioners and certain taxpayers have been waiting for Congress to fix a key technical glitch in the 2017 Tax Cuts & Jobs Act (TCJA) rushed through in the waning days of 2017. Download Printable Article (PDF) >>> The concern was […]

Read More....

Existing Home Sales Surge Nearly 21%

Existing Home Sales Surge Nearly 21%

Sales of existing homes jumped nearly 21% in June compared with May, according to the National Association of Realtors. It was the largest monthly gain since the Realtors began tracking the data in 1968 and came after sharp declines over the previous three months due to the coronavirus pandemic. Sales were still 11.3% lower annually.

Read More....

NFL Agrees to Cancel 2020 Preseason

NFL Agrees to Cancel 2020 Preseason

The NFL Players Association and league’s owners have agreed to scrap the 2020 preseason while also reducing the size of training camp rosters.  Union executives informed players of the agreement Tuesday evening on a conference call.  The two sides agreed to eliminate all four weeks of preseason one day after the owners offered to meet […]

Read More....

NJ expands travel advisory self-quarantine to 31 states

NJ expands travel advisory self-quarantine to 31 states

The COVID-19 rebound has slowly crept toward the Northeast, an area the virus slammed in March and April, as the number of travel-advisory “hotspot” states surges to 31, including neighbors Delaware and nearby Maryland. In a Tuesday announcement, the Murphy administration added 10 states, removing Minnesota from the list, and bringing on Maryland for the […]

Read More....

NJ To Offer Remote-Learning Option For Schools

NJ To Offer Remote-Learning Option For Schools

The Department of Education will provide guidance later this week for parents that will allow them to opt for all-remote learning for their children this fall. The Murphy administration needs to meet and deal with “a lot of moving parts with this,” the governor said. “This is about as complex a step as we will […]

Read More....

Share

Share