Today’s Real Estate Update: Tuesday May 26, 2020

HIGHLIGHTS: Rural and Small-town real estate sees more interest during the Covid-19 pandemic. Commercial retail gets hit hard with April rent defaults. The New York Stock Exchange is set to reopen the trading floor. Airbnb hosts are making plans to sell properties due to Covid-19.  Closed hard money Blanket loan closed in South Lake Tahoe and Placer county for real estate investor in California.

Top Stories:

Redfin reports that rural and small-town real estate shows that late march, a 7-day average change in page views of rural and small towns was up by 115% and 88%. (April 2nd, 2020)

Forbes reports – Commercial retail gets hit hard with April rent defaults. Half of the stores in default on the April rents. Retailers and landlords have tough decisions to make.(May 3rd 2020)

Business Insider reports – The New York Stock Exchange is set to reopen its trading floor after operating with it closed for the first time in 228 years. (May 26th, 2020)

CNN reports – Airbnb hosts are planning to sell off their properties because of the pandemic. More inventory! (May 25, 2020)