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THE BIG DEAL—Trump faces unusual barrier to COVID-19 aid: President TrumpDonald John TrumpDes Moines mayor says he’s worried about coronavirus spread at Trump rally Judiciary Committee Democrats pen second letter to DOJ over Barrett disclosures: ‘raises more questions that it answers’ Trump asks campaign to schedule daily events for him until election: report MORE‘s last-ditch effort to secure another enormous package of emergency coronavirus relief is being threatened by an unusual group: his GOP allies in Congress.

For almost four years, Republican leaders have rallied behind the president on issues as varied as health care, immigration, trade and defense, even when his positions bucked long-held conservative doctrines.

Yet just weeks before the Nov. 3 election, as the embattled president is exhorting Congress to move a major package of COVID-19 aid, those same lawmakers have emerged as the single greatest barrier standing in his way. The Hill’s Mike Lillis and Scott Wong tell us why here.

Republican resistance: 

The politics: The resistance comes at a crucial point in the presidential campaign, when Trump is recovering from his own bout with COVID-19, trailing badly in the polls and all but pleading with Republican leaders to “go big” with a late-cycle lifeline to promote on the trail.

“I would like to see a bigger stimulus package, frankly, than either the Democrats or

Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.

Some of this may be irreversible. Real estate’s re-sorting this time isn’t just based on markets crashing (the Great Recession), political turmoil (the 1979 oil embargo), or financial speculation (the first and second dot.com busts)—after which there’s generally confidence that overall consumer demand and buyer preferences will sooner or later snap back to normal.

Thanks to the COVID-19 pandemic, more deep-seeded, tectonic-sized questions beyond markets and interest rates are being asked this time around that no one really has the answers to yet—like will people feel safer living in the south and southwest where they can spend all year social distancing outside? What if companies let workers work remotely for the rest of their lives? Why go back to retail shopping when I’m already ordering everything online? What’s the point of living “downtown” if half of the restaurants, bars, and museums never open back up?

How these questions get answered will fundamentally re-order how Americans live in the “new” pandemic normal, and as a result will play a huge X-factor in which cities and states will experience growth, demand, and price appreciation over the next 3-5 years, and which ones will stagnate and lose. More broadly for large metropolises like Washington, D.C., New York City, Portland, and Philadelphia, the answers risk slowing or even reversing a wave of gentrification and wildly profitable downtown revitalization that’s been accelerating since before the Great Recession.

(Reuters) – New Zealand holds a general election on Oct. 17, with Prime Minister Jacinda Ardern’s centre-left Labour Party holding a wide lead over the centre-right main opposition National Party.

Below are the main issues in the election.

Ardern has called this a “COVID election” and focussed her campaign on her government’s “go hard, go early” response to the outbreak, which has helped boost her popularity and make her an international celebrity.

New Zealand has reported 25 deaths from COVID-19 and around 1,500 infections after Ardern’s swift response, far less than in other developed countries. That’s about 0.05 death per 10,000 people, compared to the United States at 6.49 or India at 0.78, according to Reuters calculations.

New Zealand placed the most significant restrictions on public movements in modern history in the initial phase of the coronavirus outbreak by closing its borders, imposing self-isolation and shutting down most of its economy to contain the spread of the virus.

Labour says it would continue tight controls and quarantines and would strengthen the contact-tracing system.

National says it would establish a border protection agency within 100 days of forming a government to prevent future outbreaks. It blames Labour’s border rules for allowing a recent flare-up in the country’s largest city, Auckland.

Ardern has said climate change is “my generation’s nuclear-free moment”. Labour vows to phase out single-use plastics and replace coal-fired boilers with electric alternatives, and says it would end the use of carbon by public buses by 2035.

It aims to create 11,000 jobs in regional New Zealand to restore the environment, including cleaning up waterways to allow safe swimming.

Ardern says she would accelerate New Zealand’s target of 100% renewable electricity generation by five years to 2030, responding to criticism from opposition leader Judith “Crusher” Collins.

Collins, leader of the

Housing prices aren’t coming down anytime soon according to realtor.com. In its latest housing report, the take-away is housing prices around the country remain at record highs as we move towards year-end. The U.S. median home price hit $350,000, a 12.9 percent year-over-year increase. Consider that’s the largest annual price growth since 2017.

Climbing prices have not kept buyers away. “This an unusual Fall market because it’s October and we are still seeing lots of buyers. The low-interest rates mean buyers can qualify for higher-priced homes which drives up market prices,” notes Danielle Hale, chief economist for realtor.com. “It does not appear prices are coming down anytime soon,” Hale adds.

The numbers showed 21 continuous weeks of median listing prices rising. Inventory declines were slightly down. This is a small sign “sellers may be staying in the market”, according to Hale. Yet year-over-year inventory is down significantly—38 percent. Look to that key market indicator, Days on Market and you’ll find homes are selling 13 days faster than they were in the first week of October 2019. “Sellers continue to get the message that buyers are actively participating in the market.” The national market is stronger now than in the pre-COVID days of January.

Realtor.com’s proprietary, Housing Market Recovery Index (Housing Market Recovery Index,) rang in at 110.4 for the first week of October. Today’s market is 10.4 points stronger than before COVID. Hale’s advice for buyers in today’s market. “Buyers should be as prepared as possible with as much professional help as possible. Because those buyers will need to be able to make quick competitive choices.”

Here’s what’s happening in metros around the country defined by year-over-year median listing prices, total listings and, median days on market. The Charleston-North

  • Residential sales will experience a massive lift during the pandemic, according to Charles Nathanson, an associate professor of finance at the Kellogg School of Management.
  • More homeowners are looking to use their savings from limited vacation and entertainment spending for larger homes and spaces, especially as working remotely continues.
  • However, Nathanson predicts that commercial and rental real estate will be unstable, due to an uptick in moves, evictions, and unemployment. 
  • Visit Business Insider’s homepage for more stories.

The COVID crisis has thoroughly upended how people live, work, and shop. And this, in turn, has upended real estate markets.

Whether it’s tech workers abandoning dense urban cores for more space in the countryside, restaurateurs converting from dine-in to takeout, or companies suddenly going virtual while locked into an office lease, it’s clear that the ways we are using space — and the amount we’re willing to pay for it — are changing.

“The COVID crisis has led to a pretty big reallocation in the shares of goods that people spend money on,” said Charles Nathanson, an associate professor of finance at the Kellogg School.

“For a lot of people, it makes sense to dramatically increase the amount they are spending on the shelter because they’re spending so much more time at home,” he said. But, of course, the calculus looks quite different for companies renting office space for a workforce that may not be coming back anytime soon.

So what might we expect from residential and commercial real estate as we head into the year ahead?

“The key to the real estate markets now is knowing how temporary or permanent the effects of the pandemic are going to be,” said Nathanson.

Residential sales are a bright spot

When cities across the US went into lockdown in early 2020, several things happened