Delta Dawn: Virus Variant Creates Business Uncertainty
A new, fast-moving variant jolted the steady pandemic recovery, leading some business leaders to rethink their timelines for workers’ return to the office.
A new, fast-moving variant jolted the steady pandemic recovery, leading some business leaders to rethink their timelines for workers’ return to the office.
Departments under the Biden Administration are using their tools to postpone some evictions. USDA, HUD, VA and FHFA extended their eviction deadlines to Sept. 30.
Insurance reform president say insurers aren’t worried about old roofs leaking – they think they’re most likely to be targeted by shady contractors drumming up business.
While sellers’ ultimate goal might be presenting a home that looks like new, a study found that even small improvements can translate into higher resale values.
Few ideal homes, rising prices and lost bidding wars add up. Buyers aren’t going away, but many are deciding to hold off purchasing for maybe six months or a year.
Most experts agree that there’s a “foreclosure threat,” but it’s uncharted territory – any uptick in foreclosure listings is hard to predict. With prices rising, lenders are under less pressure to list homes for sale. And even if they’re ready now, homes likely won’t be listed until at least Sept.
It appears the pandemic is over, at least for commercial real estate. But the rebound isn’t even, with city-to-city and commercial segment-to-segment differences.
NAR is ready to oppose any “unreasonable effort by Congress to extend the (eviction) ban without assistance for small housing providers,” says Chief Advocacy Officer McGahn.
The Supreme Court had signaled the ban would only be extended to July 31. With the ongoing spread of the COVID-19 delta variant, Biden is asking Congress to extend the fed eviction ban, but the prospects of legislative action are unclear.
Realtor.com: Prices and demand for homes in the suburbs continue to rise; homes sold below asking price tend to be in larger cities or suburbs just outside city limits.