Real Estate During COVID-19

Real estate during COVID-19 is suffering. Cody Faller had the pleasure of being interviewed by Louis Amaya with Capital Markets Today recently. They discussed the increase in unemployment we saw in April from 4.4% to 14.7% – the largest one month increase in history. It’s forecasted that May could reach an unemployment rate of 20-25% which would be equivalent to the Great Depression rate.

To top these stats off, economists think that 40% of these job losses will be permanent. Regardless of where these numbers land, there’s no doubt that mortgages will begin to default.

Highlights from the Podcast:

• 03:20-05:16  Some impacts of today’s unemployment rate and COVID-related market volatility
• 05:58-08:28  Re-performing loans and cash flowing portfolio insights
• 12:08-14:36  Faller Financial before COVID-19 and today
• 16:30-21:23 COVID-19’s impact on Faller Financial’s buy box
• 22:10-25:14 Differences between the Great Recession and the COVID-19 pandemic
• 26:32-30:03 Opportunities in the next 12-24 months
• 31:08-33:18 Cody’s thoughts on the U.S. economic outlook