Ms. San Francisco Real Estate (Janice Lee)

  Think This Is a Housing Crisis?   Think Again. With all the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country. Let’s look at five things we know about today’s housing market that were different in 2008. 1. Appreciation When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In

FINANCIAL RELIEF TO EMPLOYER, EMPLOYEE AND INDEPENDENT CONTRACTOR The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed on March 27 to provide financial relief to small business owners, independent contractors and other unemployed Americans.  The Act was unprecedented in size and was passed quickly through Congress to speed relief to those harmed by the COVID-19 crisis. There are many ambiguous provisions in the law that will be clarified by rule-making at the federal and state agencies. April 6 Updates The SBA has announced that lenders may begin processing loan applications as soon as April 3, 2020 for small businesses, and April 10, 2020 for independent contractors and the self-employed. If you need assistance finding a PPP lender, SBA has created a “ Lender Match ” tool that allows you to search for lenders based on your Zip Code. As of April 6, Wells Fargo has stopped taking PPP loan applications. Please use the “Lender Match” tool to find anothe