The pandemic has turned many office employees into remote workers, and for some, that could mean the freedom to move…
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[REN #962] Real Estate News Brief: GDP Forecast Rises, Young Adults Move Home, Detroit Rental Market “Wacky” (in a good way)
The Federal Reserve offers an improved 2020 forecast for U.S. economic growth, empty nesters are getting their adult kids back, and the Detroit rental market has gotten “wacky.”
A decline in rent growth for single-family homes brought on by the pandemic appears to have stabilized. The CoreLogic Single-Family Rent Index shows that it moved higher in July at a year-over-year rate of 1.7%
There was a slight uptick in foreclosure filings in the U.S. as the pandemic continues, and an agreement on a new stimulus to help ailing homeowners has stalled.
A national eviction ban is now in place that protects tenants for the rest of the year without offering any help for landlords.
Corporate landlords are defying the federal eviction ban with a surge in new filings. According to one report, institutional landlords filed more than 900 eviction cases in eight metro areas during the week after the ban was announced.