Raphael Bostic and Richard Green discuss the unprecedented impact that COVID-19 has made on the US and how the Federal Government has taken unprecedented steps to meet that challenge. Reflecting upon the quick, broad, and bi-partisan efforts made since the COVID-19 outbreak, Bostic points out that “when very unexpected things happen, everything is possible”.

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John Burns joins Richard Green to share proprietary tools he and his team developed during the Great Recession to monitor how the current crisis has unfolded. Burns illustrates that apartments are showing signs of weakness, but with a usual market-wide spring pickup despite the COVID -19 disruption. Burns credits the Federal Government’s actions to stabilize the marketplace as a key factor in the current resiliency of home sales. Burns also points out that Millennials with means are moving more and more towards homeownership as they age, though he cautions that the relatively good news today does not guarantee growth or “boom times” without resolution on how the US as a whole will manage COVID-19.

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Neeraj Sood discusses early findings of his ongoing LA County antibody study. Sood points out that so far the study indicates that still more COVID-19 numbers are going unreported, even within this particular study. Dr. Sood also explores the various factors impacting policy moving forward, and emphasizes that it should be possible to have some middle ground between strict lockdown and an unregulated (and unsafe) return to normal. Richard Green fields questions about strategy options for the US in comparison to other countries and what can be done about asymptomatic carriers, while Dr. Sood iterates that the knowledge base of COVID-19 is improving, but still needs more growth.

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