Posts Tagged ‘#coronovirus’
Pandemic Did Not Facilitate Cross-Country Moves, According to Knock Survey
Homebuyers opted for smaller cities within their current state, a trend that is likely to continue in the short-term NEW YORK (June 3, 2021) — The desire for more space and flexibility to work remotely prompted Americans to rethink what they want in a home over the past year. While for some it meant relocating to…
Read MoreJudge Vacates CDC’s Eviction Ban, But Appeal Delays Action
Judge Vacates CDC’s Eviction Ban A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the…
Read MoreEviction Moratorium Extended to April 3, New Change Added for Evictions
EVICTION MORATORIUM EXTENDED UNTIL APRIL 3, NEW CHANGE ADDED FOR EVICTIONS On Friday, March 5, Governor Pritzker extended the eviction moratorium to April 3. A new addition to eviction procedures was also added: if, after the filing of an eviction action, a tenant delivers an Illinois Tenant Declaration to the landlord, the landlord may only…
Read MoreDid The Last Round of Stimulus Help Renters Enough?
The latest round of stimulus provided much-needed relief for struggling families and businesses across the United States, especially for renters facing ballooning balances and costly monthly burdens. The package bought renters time, but for how long? New data from Zillow and MRI Software goes over the current state of the rental market and the challenges renters face moving forward.…
Read MoreFHFA Extending Foreclosure &; Eviction Moratoriums through March
Foreclosure & Eviction Moratoriums FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period Borrowers can now be in COVID forbearance for up to 15 months This is a reprint of a Press Release from FHFA. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the…
Read MoreWhat the Stimulus Package Means For Real Estate Investors
This is a reprint of an Article from Scott Trent on Bigger Pockets The ongoing pandemic has hit our country hard, causing significant loss of life and changing our habits. We are all looking forward, with the hope that new vaccines will quickly get us back to a new normal. Interestingly, however, from the standpoint…
Read MoreHow the latest stimulus impacts renters and homeowners
The news has been dominated by whether or not those economically affected by COVID-19 will receive $600 or $1200 from the latest stimulus. As of this writing, the answer is $600. As a renter or homeowner, what’s the impact of the stimulus. Home Wire provides some detail on how the latest stimulus impacts renters and…
Read MoreGovernor Pritzker Extends Eviction Moratorium Until January 9
December 14, 2020 Governor Pritzker announced on Friday, December 11 that the eviction moratorium would be extended another month until January 9, 2021. The modifications include specific language regarding a minimum of 5-day notice for eviction actions. Also, the order specifically prohibits an eviction action against “a tenant who does not owe rent” and an…
Read More8.9 Million People Relocated Since the Beginning of the Pandemic
This is a Reprint Fro Realtor.com December 4, 2020 By: Nadia Evangelou 2020 will go down in history for a pandemic that changed the world. No one would ever have imagined last year that we would stay home for social distancing in order to help save lives. Specifically, one in three adults substituted some or all…
Read MoreForeclosures in the US Increase as COVID Continues To Rise
Since the start of the COVID-19 pandemic, the United States’ housing market has remained relatively strong, despite record-high unemployment, businesses shutting down, and routine infection rate surges. However, according to ATTOM Data Solutions, our longtime fears may be coming to fruition. In October 2020, the foreclosure rate increased by 21% with a total of 11,673 properties filing for…
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