WCRE COVID-19 Resource Center
Retail Sales Slower Because of Autos
Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. The news wasn’t all a letdown, however: Excluding autos, the gain […]
Read More....Americans Filing for Unemployment falls Below 1M
The number of laid-off Americans applying for unemployment benefits fell below 1 million last week for the first time since the coronavirus pandemic started in mid-March. The latest jobless claims figures from the Labor Department, […]
Read More....Trump Signs Relief Order After Congress Fails to Act
President Donald Trump on Saturday signed a series of executive orders expanding coronavirus economic relief to Americans struggling during the pandemic. The president’s four orders extend unemployment benefits, provide a payroll tax holiday, defer student loan […]
Read More....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 […]
Read More....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 […]
Read More....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. […]
Read More....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 […]
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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
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