Note & Real Estate News

Published: Wed, 08/11/21

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Last week, the Biden administration announced a new ban on evictions for many renters just days after the White House allowed a nationwide moratorium to expire, infuriating socialist House Democrats who warned that millions of Americans could lose their homes.

Officials at the Centers for Disease Control and Prevention drafted a new eviction moratorium aimed at protecting tenants in counties with "substantial and high levels of community transmission" of COVID-19, affecting roughly 90% of the U.S. population.

The two-month moratorium expires October 3, 2021.

To learn more, check out the top story in our Note & Real Estate News section below.

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W. J. Mencarow
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Note & Real Estate News

Biden Administration Announces New Eviction Moratorium

Without the eviction halt, which the CDC first implemented last September, more than 15 million people living in the U.S. who were behind on their rental payments could have faced eviction.

California paying past-due rent for lower-income residents who fell behind during COVID-19 pandemic

The program, which was included in the 2021-22 fiscal year budget recently signed by Democratic Gov. Gavin Newsom, is the largest rental assistance program in the nation.

Home Bidding Competition Eased in June as Buyers Become Fatigued

The cut-throat competition to snag a home in the U.S. housing market has finally started to ease from pandemic highs.

U.S. Home Rental Prices Hit Highest Level in 2 Years

Home rental prices, which dropped in many U.S. cities throughout the coronavirus pandemic, have reached their highest level in about two years.

Mortgage Costs Grow 20 Times Faster Than Incomes

Housing affordability continues to decline as the hot real estate market fuels skyrocketing prices. Incomes aren’t keeping pace with the higher prices.

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