Restaurant Industry June 22nd

Restaurant Reservations As expected in last week’s report, the 20% decline in restaurant reservations was simply an outlier. Reservations continued to climb nationally and in Georgia at their previous paces after the June 14th anomaly. Georgia changed from -54%YoY to -45%YoY while the united states climbed from -65%YoY to -59%YoY. June 19th marked the first […]

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Airline Industry June 22nd

TSA Checkpoint TSA checkpoint traffic is nearing a point where it breaks 600k travelers in a day. It averaged 495k travelers last week. While the TSA has announced that they will be rolling out changes to their operation sometime mid-June, there has yet to be an official announcement about the changes. FAA Reports The FAA […]

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SBA Loans 6/15-6/19

The Small Business Administration released its weekly PPP Loan report with data through June 20, 2020. The cumulative number of PPP Loans given out (still in round 2 of funding) was 145,623 and the net dollars was $14,163,368,242. This is up 4,626 loans and $121,356,238 net dollars from the PPP Loan report with data through […]

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Unemployment 6/15-6/19

The Georgia Department of Labor announced Thursday that the May preliminary unemployment rate was 9.7%. The preliminary April unemployment rate of 11.9% was corrected to an actual 12.6%, making it the highest unemployment rate in the state’s history. The Georgia unemployment rate from April to May decreased by 2.9%. There were 130,766 initial unemployment claims […]

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Georgia Real Estate News Update

Click here to read weekly news updates on Georgia real estate. These are titles of articles that give a quick blurb on positive and negative impacts that Covid-19 is having on commercial and residential real estate. Both good and bad news is included as there are aspects of this pandemic that have impacted real estate in a variety of ways.

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Georgia Real Estate June 18

Experts predicted that residential real estate would not be affected as highly as commercial real estate during this pandemic. Analysis of rent prices and vacancy rates for commercial real estate and number of homes and apartments sold/rented for residential has proven this to be true. This is due to the fact that home-buyers cannot postpone […]

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Unemployment 6/8-6/12

On Thursday, June 11th, the Georgia Department of Labor announced that they are extending unemployment benefits for those who qualify. Under the CARES Act, people who qualify for unemployment insurance (UI) are entitled to state unemployment compensation plus $600 per week from the federal government for 13 weeks. As UI benefits due to COVID-19 are […]

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Airline Industry June 16th

TSA Checkpoint It seems that every week a new milestone is reached by TSA checkpoint numbers. This week was the first time in 3 months that checkpoint numbers exceeded 500k, maxing out at 544k on June 14th. The trend is remaining relatively constant as well. At this current rate, it will take 151 days to […]

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Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.

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