JACKSONVILLE, FLORIDA - STATS FOR APRIL ARE IN...

[Lesley Resnick]

The numbers are in for Jacksonville's market in April.

You can look at them in 2 ways and I think they are both applicable.

Year to date and monthly performance.

We are behind 2019.  Independent of current circumstances, '20 was forecasted to be weaker than '19.

If you look at month to month, we are relatively stable.  Indicators both up and down.  It was a comparable month to January.  This was not the train wreck most people thought it would be.

I am curious how May goes?

My prediction...As the country wakes up and comes back, May will look similar to April's performance.  It will start off slow and pick up momentum toward the end of the month.

Who else is ready to make a prediction relative to April?  

UP, DOWN OR FLAT? 

[Lesley Resnick]

Like it or hate it, unemployment is not going to be an issue as long as the $600 federal subsidy lasts (7/31).  

$600 a week is more than many of my tenants make a week.

The federal $1200 should help as well.

The real question is how long it will take for the economy to remove the training wheels.