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Biden’s Eviction Ban Policy Heads to the Supreme Court
/in National /by Tracy WillisThe replacement evictions moratorium will stay in place for now, according to the federal appeals court. A spokesman for the National Association of Realtors is confident that the Supreme Court will block the policy. The Center for Disease Control and Prevention imposed the evictions moratorium on August 3 in counties where Covid-19 is accelerating. Currently, that covers about 91 percent of the counties in the United States. The Delta variant has caused new coronavirus cases to soar, while the $46.5 billion rental assistance funds appropriated by Congress have yet to be widely distributed.
Eviction Ban Reversal Upsets Lobbyists
/in National /by Tracy WillisHousing lobbyists are upset about President Biden’s decision to revive the eviction ban. The President’s unexpected move to reinstate the federal eviction moratorium is a political loss for the National Association of Realtors and its industry allies who say they were excluded from discussions on the ban with the White House. Despite millions of dollars in contributions, industry trade groups felt the sting of betrayal from progressive lawmakers. The eviction ban fight is making its way through the courts.
Pandemic Affects Real Estate Trends in 2021
/in National /by Tracy WillisThe pandemic continued its influence over real estate trends in 2021. The construction costs soared due to supply chain interruptions and work shortages. Consumers shifted their shopping habits to online and demonstrated less tolerance for retail service disruptions. The discussion of how to increase open public spaces moved to the forefront. City residents migrated to the suburbs because of the opportunity to work from home. Affordable housing became scarce. Rents increased and home inventories plummeted. Industrial and distribution properties continue to look like promising investments, along with single-family rental homes.