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.
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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.
[REN #957] Real Estate News Brief: Best-Ever Mortgage Rates, September Rent Collection, Housing Market “Sugar High”
Mortgage rates dipped into record territory once again, apartment rent collection numbers, and a housing market that is on a “sugar high.”
The pandemic is not dampening enthusiasm for Crystal Lagoons. The company says it’s expanding its model for lagoons built for public access.
[REN #955] Real Estate News Brief: Job Market Surprise, Federal Eviction Moratorium, Second Home Boom
Upbeat reports on new jobs and unemployment, another nationwide eviction moratorium, and a pandemic-inspired boom in the purchase of second homes.