In September, late payments for agency loans rose to 1.4% from 0.46% in August. Non-agency late payments rose from 1.83% in August to 2.78% in September.

Over the past 40 years, annualized total returns averaged 9% under Democratic presidents and 8.2% under Republican presidents.

Interest rates have hit rock bottom and both individuals and companies are holding onto cash while the nation waits for a federal stimulus package, the Presidential election and a cure for Covid-19.

This looks like the final blow to Palm Beach Tax Collector Anne Gannon's push to have home-sharing companies collect a tourism development tax.