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Manhattan fell from its perch as one of the top two markets for liquid commercial property and was replaced by two Europe-based cities. However, the global market is collectively reeling from COVID-19's impact.
With nearly half of Americans theoretically able to telecommute, Zillow found that almost 2 million American renters living in pricey metro regions could afford starter homes in less expensive parts of the country.
Job markets in New Jersey, New York, Hawaii, Illinois and Alaska have been among the hardest hit from COVID-19 and the slowest to recover. That's not making the credit outlook any brighter.