California Coronavirus Weekly Recap

Stay up to date on the California coronavirus outbreak and its impact on the real estate market.

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This newsletter will be released every Wednesday.

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10.14: Issue 31

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In This Issue:

•    The Economy & Your Finances: New PPP loan forgiveness application
•    The Market & Industry: Prices remain high while inventory tightens
•    Around the State: New guidance for private gatherings
•    Health Check-Up: Arrival of vaccine unlikely to bring everything back to normal
 

10.7: Issue 30

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In This Issue:

  • The Economy & Your Finances: Hiring slowed in September

  • The Market & Industry: Supply remains a stumbling block

  • Around the State: New equity metric may slow reopening

  • Health Check-Up: CDC revises guidelines to acknowledge airborne transmission

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9.30: Issue 29

 

In This Issue:

  • The Economy & Your Finances: New unemployment claims unexpectedly increase 

  • The Market & Industry: Mortgage applications increase 25 percent 

  • Around the State: San Francisco becomes first Bay Area locale to enter orange tier 

  • Health Check-Up: California cases fall below plateau 

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9.23: Issue 28

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In This Issue:

  • The Economy & Your Finances: EDD stops accepting new claims through Oct. 5 

  • The Market & Industry: Median Calif. home price tops $700k 

  • Around the State: Calif. deaths top 15k, positivity rate decreasing 

  • Health Check-Up: Federal government outlines plan for vaccine distribution 

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9.16.20: Issue 27

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In This Issue:

  • The Economy & Your Finances: No state or federal taxes on PPP loan forgiveness 

  • The Market & Industry: Record-low mortgage rate and inventory 

  • Around the State: Wildfires continue to exacerbate COVID crisis 

  • Health Check-Up: COVID-19 life-threatening to people of all ages 

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9.09.20: Issue 26

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In This issue:

  • The Economy & Your Finances: Unemployment ticks up in California, falls nationwide 

  • The Market & Industry: Market holding strong, mortgage rates unlikely to drop lower 

  • Around the State: August deadliest month for California 

  • Health Check-Up: Concerns about virus rollout and safety

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9.02.20: Issue 25

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In This Issue:

  • The Economy & Your Finances: EDD to begin processing additional $300 weekly benefit in early September 

  • The Market & Industry: Newsom signs eviction protection legislation 

  • Around the State: Newsom unveils new tier system for reopening 

  • Health Check-Up: Cases rising among children and teenagers 

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8.26.20: Issue 24

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In This Issue:

  • The Economy & Your Finances: Calif. approved for $4.5B federal grant for increased unemployment benefits 

  • The Market & Industry: No move yet on eviction legislation, housing market still hot 

  • Around the State: Wildfire crisis complicated by COVID-19 

  • Health Check-Up: Cloth masks don't protect against wildfire smoke 

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8.19.20: Issue 23

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In This Issue:

  • The Economy & Your Finances: New unemployment claims dip

  • The Market & Industry: Housing recovery continues, Calif. to end statewide eviction moratorium on Sept. 1

  • Around the State: Calif. hits 600k cases, top health official resigns

  • Health Check-Up: Regular masks don't protect against wildfire smoke

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8.12.20: Issue 22

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In This Issue:

  • The Economy & Your Finances: President signs executive actions on coronavirus relief

  • The Market & Industry: Mortgage applications up, many homes seeing multiple offers

  • Around the State: Technical glitches lead to case undercount

  • Health Check-Up: More children testing positive

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8.5.20: Issue 21

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In This Issue:

  • The Economy & Your Finances: U.S. economy reports record-breaking decline

  • The Market & Industry: Housing sector remains strong

  • Around the State: State deaths pass 9k, Central Valley new hotspot

  • Health Check-Up: Vaccine could be available by 2021

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7.29.20: Issue 20

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In This Issue:

  • The Economy & Your Finances: Unemployment rises, stimulus package negotiations begin

  • The Market & Industry: Wave of upcoming evictions anticipated

  • Around the State: California is a "new New York"

  • Health Check-Up: Moderna's vaccine study begins final testing phase

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7.22.20: Issue 19

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In This Issue:

  • The Economy & Your Finances: Additional $600 weekly federal unemployment to end this week

  • The Market & Industry: Calif. market rebounded in June

  • Around the State: 90 percent of Calif. students to start school year online

  • Health Check-Up: Results from early vaccine trials encouraging
     

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7.15.20: Issue 18

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In This Issue:

  • The Economy & Your Finances: Federal taxes due today, $600 extra weekly unemployment to end July 25

  • The Market & Industry: Buyer demand on the rise, renters facing significant challenges

  • Around the State: Newsom shuts down all bars, indoor restaurants and more

  • Health Check-Up: Avoid poorly ventilated indoor spaces

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7.8.20: Issue 17

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In This Issue:

  • The Economy & Your Finances: Paycheck Protection Program extended

  • The Market & Industry: Recovery continues, eviction moratoria extended

  • Around the State: Cases spike statewide, 23 counties now on watchlist

  • Health Check-Up: Young adults represent bulk of new cases, transmission by aerosols raising concerns

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7.1.20: Issue 16

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In This Issue:

  • The Economy & Your Finances: New weekly unemployment claims fall nationwide, rise in California

  • The Market & Industry: Buyer demand rebounding

  • Around the State: Cases spike across the state

  • Health Check-Up: U.S. cases undercounted

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6.24.20: Issue 15

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In This Issue:

  • The Economy & Your Finances: Updates to PPP loan forgiveness

  • The Market & Industry: Fewer buyers and sellers withdrawing, fewer borrowers in forbearance

  • Around the State: All Californians must wear masks, hospitalizations hit all-time high

  • Health Check-Up: More young adults testing positive

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6.17.20: Issue 14

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In This Issue:

  • The Economy & Your Finances: High unemployment projected to last throughout the year

  • The Market & Industry: Homebuying sentiment and demand increases

  • Around the State: Cases keep rising as California reopens

  • Health Check-Up: CDC releases new tips for daily activities

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6.10.20: Issue 13

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In This Issue:

  • The Economy & Your Finances: New modifications to the Paycheck Protection Program

  • The Market & Industry: Buyer interest rising, supply remains constrained

  • Around the State: Schools, bars and gyms to reopen even as cases rise

  • Health Check-Up: WHO recommends all individuals wear masks in shops, confined spaces

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6.3.20: Issue 12

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In This Issue:

  • The Economy & Your Finances: Unemployment, consumer confidence beginning to stabilize

  • The Market & Industry: Mortgage applications rebounding, eviction moratoria extended

  • Around the State: Reopening accelerates

  • Health Check-Up: Pandemic picking up speed across the globe

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5.27.20: Issue 11

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In This Issue:

  • The Economy & Your Finances: Unemployment sees an uptick

  • The Market & Industry: Mortgage applications and showings keep rising, but more declines expected

  • Around the State: Restrictions eased on retail, restaurants, places of worship (subject to county approval)

  • Health Check-Up: Hydroxychloroquine trial halted, anxiety over COVID-19 keeps patients from seeking treatment for other conditions

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5.19.20: Issue 10

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In This Issue:

  • The Economy & Your Finances: Looming budget cuts for California

  • The Market & Industry: Housing indicators show signs of life, California considers rent stabilization program

  • Around the State: Reopening begins in some counties

  • Health Check-Up: Debate over vaccine timeline, California allows testing at pharmacies

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5.12.20: Issue 9

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In This Issue:

  • The Economy & Your Finances: Job losses continue to soar

  • The Market & Industry: Listings and closings on the rise

  • Around the State: California starts easing restrictions

  • Health Check-Up: Where to get tested, new guidelines for offices, mysterious syndrome impacting children

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5.5.20: Issue 8

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In This Issue:

  • The Economy & Your Finances: PUA application rollout mired by glitchy system

  • The Market & Industry: California market starting to show signs of life

  • Around the State: Tensions mount over when to reopen

  • Health Check-Up: New drug shows promise, debate on vaccine timeline continues

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4.28.20: Issue 7

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In This Issue:

  • The Economy & Your Finances: Applications open for Pandemic Unemployment Assistance (PUA)

  • The Market & Industry: COVID-19 suppresses spring home buying season

  • Around the State: More testing needed before California reopens

  • Health Check-Up: Coronavirus circulated in U.S. earlier than expected, FDA cautions against hydroxychloroquine or chloroquine as treatments

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4.21.20: Issue 6

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In This Issue:

  • The Economy & Your Finances: Loan programs for small businesses run out of funds

  • The Market & Industry: Slowing market, millions of loans in forbearance nationwide

  • Around the State: Planning for the reopening of California

  • Health Check-up: Virus may be more widespread than initially thought, many of those infected show no symptoms

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4.14.20: Issue 5

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In This Issue:

  • The Economy & Your Finances: Relief is coming — slowly

  • The Market & Industry: Even with delays, market is still moving

  • Around the State: Stay-at-home unlikely to end soon

  • Health Check-Up: Antibody testing, racial disparities and guide for running errands

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4.07.20: Issue 4

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In This Issue:

  • The Economy & Your Finances: Aid is on the way

  • The Market & Industry: Not business as usual

  • Around the State: Face masks now recommended, in some places required

  • Health Check-up: Resources for older adults and coping with stress

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3.31.20: Issue 3

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In This Issue: 

  • The Market & Industry: Real estate now an essential service — with caveats

  • The Economy & Your Finances: CARES Act provides REALTORS® with relief

  • Around the State: Stay-at-home order likely to continue through April

  • Health Check-Up: Enroll in health coverage without a qualifying event

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3.24.20: Issue 2


In This Issue:

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  • Around the State: REALTORS® should conduct as much business as possible virtually

  • The Market: C.A.R. currently forecasts home sales to decline in high single digits in 2020

  • The Economy & Your Finances: Aid is on the way

  • Health Check-Up: Covered California extends special enrollment period

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3.16.20: Issue 1

 

In This Issue:

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  • The Market: California housing market in flux

  • Around the State: Community transmission on the rise

  • Containment Efforts: Persons 65+ to self-isolate, schools and businesses close

  • Health Check-Up: New travel guidelines and when to seek emergency medical attention​

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