What is Coronavirus?

COVID-19 is a novel coronavirus causing the World Health Organization (WHO) to classify this outbreak as a pandemic on March 11, 2020. Symptoms include fever, cough, and shortness of breath. Anyone experiencing emergency signs such as difficulty breathing, persistent pain or pressure in the chest, new confusion or bluish lips or face should immediately seek medical attention.

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What You Should Know

Older adults and people who have severe underlying chronic medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness. The virus is thought to spread mainly from person-to-person and the best way to prevent illness is to avoid being exposed to this virus. The CDC urges citizens to monitor your health and practice social distancing. Social distancing means staying out of crowded places, avoiding group gatherings, and maintaining distance (approximately 6 feet) from others when possible.

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Coronavirus Articles

ALTA is producing a COVID-19 Update email that compiles the most important articles of the day. You can sign up to receive these updates.

Recent 2021 2020

As Vaccination Drive Continues, Office Landlords Bet on Virus Testing to Speed Up Office Returns
Wealth Management Real Estate  |  April 9, 2021

More companies are announcing they will be returning to the office. On-site COVID-19 testing might be another inducement.

Americans Prefer Investing in Homes Over Stocks
MarketWatch  |  April 9, 2021

A new study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic.

Average Office Utilization Rate Shrinks Dramatically over Pandemic’s Course
Mortgage Professional America  |  April 9, 2021

While on average 30% of office spaces were utilized in January 2020, data from VergeSense found that the economic impact of COVID-19 led to that rate shrinking to a scant 7.9% in January.

The Paycheck Protection Program Has a Problem. It Will Likely Run Out of Money Before May 31 Deadline
CNBC  |  April 8, 2021

Small businesses are realizing they might not have much time to tap the Paycheck Protection Program (PPP) as they thought. That’s because the money is running out. As of April 5, the Small Business Administration, which oversees the program, has approved nearly 4 million PPP loans worth about $224 billion, according to the agency. That means about $68 billion is left.

Why PPP Loan Applications are Getting Stuck and How to Keep Yours Moving
Forbes  |  April 8, 2021

By now, we know the latest round of the Paycheck Protection Program (PPP) is moving much slower than the first rounds did. As of this writing, only 74% of the $284 billion in PPP funds have been approved. There are a few critical stages in the process where applications are getting held up. This article discusses the common problems and what you can do to keep your application moving forward to funding.