COVID-19

The COVID-19 Impact on U.S. Hotel Performance

March 26, 2020

Video by:  Jan Freitag In this 5-minute video, STR SVP Jan Freitag recaps the COVID-19 impact on U.S. hotel performance for the week ending with March 14. Watch the full video: https://bit.ly/3dA0aZM


Unemployment Insurance Weekly Claims

March 26, 2020

Article by: U.S. Department of Labor Initial jobless claims reached 3,283,000 for the week ending March 21 – the highest in the Labor Department’s history, and notably higher than the previous peak of 665,000 during the Great Recession. Read the full article: https://bit.ly/33Q1wvd


U.S. Outlook for 2020 Coronavirus and the Risk to Hotels

March 24, 2020

Check out CBRE – U.S. Outlook for 2020 Coronavirus and the Risk to Hotels “The hotel market’s recovery from past major shocks, such as 9/11 nationally, Sars outbreak in Toronto, Ziki outbreak in Miami, typically took 14 to 24 months. Our downside scenario indicates it will take six to eight months for U.S. hotel demand…read more


FHFA Updated Policies on Covid-19

March 24, 2020

Article by:  Irimar Waters “The Federal Housing Finance Agency (FHFA) has directed new Fannie Mae and Freddie Mac Policies for appraisers to follow regarding Covid-19 (coronavirus). In light of the economic and social impact, these policies have been put in place temporarily to ease the strain of the Housing and mortgage industry.” Read the full…read more


Fed Announces Unlimited Bond Purchases, Will Buy Apartment CMBS

March 24, 2020

Article by:  Erika Morphy “In an extraordinary move to keep credit lines open, the Federal Reserve announced Monday morning that it would not put a cap on its purchases of Treasury and mortgage securities.” Read the full article:  https://bit.ly/33Ie47C