Nuveen, Friedlander, BofA offer some recommendations on COVID-19 credit and sector impact.
Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.
Coronavirus is spreading in New York City. But when it comes to real estate, fear of contagion only slightly trumps fear of missing out on a deal.
Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.
Consumer worries over the virus' spread dampened enthusiasm early this month.
More firms are taking stringent measures to protect employees and clients.
How severe a financial hit New York City will take during the COVID-19 pandemic is as much of an unknown as the degree of virus spread.
The social and economic impact of the coronavirus, not necessarily Covid-19 itself, has homebuyers and sellers on edge and is changing the way Realtors do business.
Covid-19 and the economic fallout that has come with it are putting some homebuyers and sellers in the Twin Cities on edge.
If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.