Casino Virus Closures Sting Eastern Connecticut
Unemployment in eastern Connecticut is soaring, despite relatively few cases of COVID-19 in the region, largely because the pandemic forced two giant casinos to suspend operations.
National Polls Offer Different Visions of Housing Market
A pair of national polls, one of Realtors and the other of consumers, offer contrasting views of the housing market under the COVID-19 pandemic.
State Issues Protocols for Businesses to Begin Reopening
Connecticut officials on Friday released detailed protocols on how restaurants, retail stores, hair salons and other businesses can reopen beginning May 20, as hospitalizations due to the coronavirus continue to decline but deaths remain on the rise statewide.
Office Leasing Plummets in Fairfield County
Fairfield County office leasing activity plummeted 44 percent in the first quarter as corporate decision-makers held off on real estate commitments amid economic uncertainties in the COVID-19 pandemic.
State Shows Signs of Meeting May 20 Reopening Criteria
Gov. Ned Lamont said Thursday that Connecticut is showing positive signs it can meet criteria set for the state’s planned May 20 initial reopening date.
CT Unemployment Claims Tick Up
After consecutive weeks of declining first-time jobless claims, Connecticut saw a roughly 3,000-person increase in the statistic for the week ending May 2.
Retail Rent Declines Expected to Double the Great Recession
Retail properties’ rents are expected to fall by double digits in the Hartford, New Haven and Fairfield County markets this year amid a rise in vacancies tied to the COVID-19 pandemic, according to a new research report.
‘Reopened’ States Give Glimpse of Pandemic Retail
Connecticut residents may still be under stay-at-home advisories, the economy slated to reopen only in stages, but Americans elsewhere are getting their first taste of what pandemic shopping looks like at their local mall.
Nearly 4M Mortgages Now in Forbearance, But Pace Slows
The latest Mortgage Bankers Association survey shows nearly 4 million homeowners’ mortgages are now in forbearance.
PPP Second Round Reaches Almost 30K CT Small Businesses
Despite system problems that have plagued the Paycheck Protection Program’s second round, almost 30,000 Connecticut small businesses received loan approvals last week, 11,000 more than in the first round of funding.
Lamont: Connecticut on Track to Begin Reopening May 20
The first step in a gradual, multi-stage process of lifting restrictions on businesses and activities in Connecticut, including allowing outdoor dining at restaurants, is expected to begin on May 20, Gov. Ned Lamont announced Thursday night.
Macy’s Set to Begin Staggered Reopenings
Macy’s stores will begin reopening Monday in five states as the troubled department store chain begins a gradual return to brick-and-mortar operations.
Boston Fed to Take Lead on Main Street Lending
While lenders have been focusing on the Paycheck Protection Program for small businesses, the Federal Reserve Board has revamped another loan program intended to help businesses affected by the coronavirus pandemic.
Keeping Up with the Regs
Continuity offers cloud-based platforms that provide regulatory and risk-management support to financial services companies, and its chief regulatory officer Pam Perdue has been kept busy during the coronavirus crisis figuring out the dozens of regulatory directives issued so far.
People’s United Shareholder Meeting Goes Virtual
One of Connecticut’s largest banks is turning its annual shareholder meeting entirely virtual.
CT Coronavirus Cases Could Be Peaking
A model created by the Massachusetts Institute of Technology and Hartford HealthCare suggests Connecticut has reached the peak of the COVID-19 pandemic in the state.
PPP Program Restarts, Hits Snags Immediately
The second round of loan applications for the government’s small business relief program has been slowed by computer issues at the Small Business Administration.
10 Percent of FHA and VA Loans in Forbearance
Two of the most economically vulnerable segments of the housing market are starting to feel pressure from the economic crisis caused by the coronavirus pandemic.
Lamont to Make ‘Preliminary’ Decisions on Reopening Soon
Gov. Ned Lamont said Monday he expects to make some “very preliminary” decisions about reopening parts of Connecticut’s economy in about one week to 10 days, citing a recent decrease in the number of hospitalizations for COVID-19.
Redfin, Zillow Report Rebound in Homebuyer Interest
Two of the biggest public-facing home listing sites reported a big rebound in homebuyer interest at the end of last week despite reporting a crash of interest as the COVID-19 pandemic first arrived in America.
