Not good.
Australian rents just fell for the first time in history.
Not even in its 90s recession did prices contract.
A real concern for such a leveraged housing market that still is highly dependent on rental income. pic.twitter.com/qAxmHoWn1n
— Otavio (Tavi) Costa (@TaviCosta) October 15, 2020
Related: Three buildings on NYC’s main Madison Avenue retail corridor have sold for about 80% below peak sales prices in 2014.t.co/FE60K83kNT
— Lisa Abramowicz (@lisaabramowicz1) October 13, 2020
"Percentage of economies in recession this year has been unprecedented in modern history" t.co/sw6H4fMpee pic.twitter.com/GzpPgw08MQ
— Trevor Noren (@trevornoren) October 15, 2020
Weekly Unemployment Claims:~1M once again
Ready for a new climb?🙄 pic.twitter.com/mATTk9oa1r— Antonio Pérez-Algás (@apanalis) October 16, 2020