Hi ,
The BIG story this week is that the national eviction moratorium is no long in effect. Last Wednesday, U.S. District Court Judge
Dabney Friedrich ruled that the CDC exceeded its authority by issuing a moratorium on evictions, first implemented in March 2020 and recently extended through June 30. The CDC claims the moratorium has helped millions of renters who lost their jobs due to state and economic shutdowns. Those who have filed suit argue the moratorium is unconstitutional and judges across the country agree. For more information on this and other news, see below.
𝐵𝒾𝓁𝓁
Federal Judge Vacates CDC Eviction Moratorium
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Judge Dabney Friedrich of the United States District Court for the District of Columbia entered an order vacating the moratorium, ruling that the CDC overstepped its statutory authority.
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Section 1031 Like-Kind Exchanges Under Threat
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Last week President Biden released the details of his $1.8 trillion American Families Plan, which includes a $500,000 cap on like-kind exchanges as a means to pay for the proposal.
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Texas Ends Enforcement Of National Eviction Moratorium Statewide
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Housing courts in Texas are no longer authorized to halt evictions in compliance with a national moratorium, after the Texas Supreme Court this let statewide protections for renters expire — even as the Biden administration renewed the moratorium through the end of June.
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Despite Moratorium, Foreclosure Activity on Steep Incline
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Foreclosure activity is on the rise, even though the moratoriums are still in place and the government has relaxed requirements for mortgage forbearance due to the COVID-19 pandemic.
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Freddie Mac: The U.S. is 3.8 Million Homes Short
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The U.S. housing market needs nearly 4 million single-family homes to meet the nation’s demand, according to a new analysis from Freddie Mac. The 3.8 million shortfall marks a 52% increase in the housing shortage since 2018.
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Some States Will Pay Home Buyers’ Student Loans
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Young professionals on the hunt for a new location may find incentives from states—even offers to pay off their student loan debt in exchange for purchasing a home. Sound too good to be true? There are eligibility requirements and caps that young pros will have to meet.
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