El Paso Investors Club

BY BRAD BECKETT ON AUGUST 2, 2021

On the heels of the expiration of the CDC’s nationwide eviction ban (which expired 7/31/21), President Joe Biden called on the U.S. Departments of Housing and Urban Development, Agriculture, and Veterans Affairs to extend each of their individual eviction bans as well as urging Congress to pass last-minute legislation to extend the eviction moratorium. Click here to read more.

BY BRAD BECKETT ON AUGUST 5, 2021

National REIA’s Charles Tassell was recently interviewed by one of Cincinnati’s most popular morning talk-radio shows to discuss the end of the CDC’s eviction moratorium (which was subsequently renewed the next day), the backlog of rental assistance, and the situation going forward. Click here to read more.

BY BRAD BECKETT ON JUNE 30, 2021

In a 5-4 ruling, the U.S. Supreme Court has refused to end the CDC’s nationwide moratorium on evictions. Previously, U.S. District Court Judge Dabney Friedrich struck down the moratorium saying it exceeded CDC’s authority, however, she put her ruling on hold, pending appeal. This week the Supreme Court rejected that plea by landlords to end the CDC’s moratorium on evictions, that had been appealed to the Supreme Court. Click here to read more.

BY BRAD BECKETT ON JUNE 29, 2021

The Associated General Contractors of America says construction employment in May remained below April’s level in 40 states and the District of Columbia. They say skyrocketing material prices as well as excessive delays in receiving construction supplies were holding back the industry’s recovery. Click here to read more.

BY BRAD BECKETT ON JUNE 29, 2021

The U.S. Department of Housing and Urban Development announced in late June that it is proposing to recodify its previously promulgated rule titled, “Implementation of the Fair Housing Act’s Discriminatory Effects Standard” (“2013 Rule”). HUD believes the 2013 Rule better states Fair Housing Act jurisprudence and is more consistent with the Fair Housing Act’s remedial purposes. Click here to read more.

BY BRAD BECKETT ON JUNE 28, 2021

CNBC’s Diana Olick says getting rental assistance to the estimated 6 million+ tenants behind on their rent has been incredibly difficult and landlords are being “left in the lurch.” Click here to read more.

BY BRAD BECKETT ON JUNE 16, 2021

According to a new report from the Wall Street Journal a new trend of “built to rent” subdivisions are spreading across the county. The WSJ says these new subdivisions are managed more like apartment buildings and have designated staff for repairs & maintenance. Click here to read more.

BY BRAD BECKETT ON JUNE 14, 2021

Reuters is reporting that the attorneys general of 22 states recently urged the U.S. Supreme Court not to end the Centers for Disease Control and Prevention’s residential eviction moratorium that has been challenged by landlord groups who (rightly) say the CDC far exceeded its authority. Click here to read more.

BY BRAD BECKETT ON JUNE 9, 2021

According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, zombie foreclosures represent only one of every 12,256 homes in Q2. The report also says the number of Zombie homes sitting empty was up quarterly by 21%, and annually by 5.6%. Click here to read more.

BY BRAD BECKETT ON JUNE 2, 2021

Redfin says that a record high of 50% of homes sold for more than their listing price, up 23 percentage points from the same period one year earlier. Click here to read more.