Hi ,
The National Apartment Association (NAA) will soon file a lawsuit against the federal government seeking compensation for business losses suffered under the unlawful U.S. Centers for Disease Control and Prevention’s eviction moratorium. The CDC’s
protracted moratorium is financially damaging rental housing providers and violating rights guaranteed by the U.S. Constitution.
NAA is fighting head-on to ensure their members and the entire rental housing industry are made whole and that similar “emergency measures” cannot be enacted again.
Rental housing providers who are subject to and have suffered damages under the CDC order can join NAA as plaintiffs to recover losses. Additional information can be found here.
To learn more, check out the top story in our Note & Real Estate News section below.
National Apartment Association Suing for Industry Compensation
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The following is a letter from Robert Pinnegar, CAE, President and CEO of National Apartment Association.
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Short-Term Rentals Prove to Be Investment Gold
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According to a Trip Advisor survey from this spring, more than two-thirds of Americans said they plan to travel this summer. Prices to rent vacation properties have increased by about 8.3% over the past year.
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Home Prices Rise at Fastest Pace Ever
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This is the fastest annual pace on record, beating the housing bubble high of 14.3 percent in 2005. On a monthly and seasonally adjusted basis, home prices nationally rose 1.6 percent, also an all-time high.
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Democrats to Federalize Local Zoning Laws, Displace Single-Family Homes
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The reconciliation package plans to implement the destruction of the suburbs via a measure within the package called the “HOMES Act,” which attempts to put the federal government in charge of local zoning laws to change local demographics, impacting the already purple voting districts.
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More than 8 of 10 Homes Sold at or Above List Price
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Eighty-two percent of homeowners who sold in the last six months accepted offers at list price or above, according to a new survey of about 1,600 homeowners conducted by Homes.com.
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