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Real Estate News: Job Losses, GDP Nosedive and a Snapback Recovery
In this Real Estate News Brief for the week ending March 28th, 2020… ugly numbers for job losses and economic growth, a possible “snapback recovery”, and encouraging news about medical supplies.
We begin with economic news from the past week and a $2.2 trillion dollar COVID-19 rescue package that helps individuals and companies. The short list of money hand-outs includes $100 billion for hospitals and virus-related healthcare, $290 billion for an infusion of cash into consumer pockets, $350 billion for small-business loans, and $500 billion for hard-hit industries, like the airlines.