Encourage Tenants to Seek Rental Assistance
A CDC-led eviction moratorium ends on Dec. 31, but NAR considers an extension likely because “No president wants to have people forced on to the streets in Jan.”
A CDC-led eviction moratorium ends on Dec. 31, but NAR considers an extension likely because “No president wants to have people forced on to the streets in Jan.”
ATTOM’s 3Q Opportunity Zone report found that home prices rose in 74% of the zones and by double digits in about half of them. But surrounding metros did a bit better.
NAR and others sent a Nov. 9 letter on this to congressional leaders. Separately, some lawmakers are pushing for COVID money to be reprogrammed to help rental owners.
The news prompted investors to get bullish on several real estate stocks, including retail and hotel sectors hit hard in the pandemic. Some share prices rose 20%.
It would allow lenders to accept private flood insurance policies for single-family mortgages instead of NFIP insurance if coverage is required for FHA loan approval.
In a divided government, lawmakers must find a way to work together. Joe Ventrone, NAR’s vice president of federal policy and industry relations, says the goal then will be to bring both parties to the middle on real estate issues, such as rental assistance and GSE mortgage reform.