"Cheap Old Houses" Attracts Millennials Escaping the Cities
BY BRAD BECKETT ON FEBRUARY 23, 2021
A recent story about millennials searching for homes in "far-flung places" should have flippers & rehabbers taking note. A new startup called CheapOldHouses.com promotes the purchase & preservation of historical houses across America, most of which come in under $100k. Click here to read more.
Read moreTreasury Publishes Details About the Emergency Rental Assistance Program
BY BRAD BECKETT ON FEBRUARY 23, 2021
With the goal of "keeping families in their homes," the U.S. Department of the Treasury says the Emergency Rental Assistance Program (ERA) makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. As we've previously reported, these funds are provided directly to States, Territories, local governments, and Indian tribes. Click here to read more.
Read moreAnalysis of HUD's Recent Fair Housing Act Enforcement
BY BRAD BECKETT ON FEBRUARY 18, 2021
The DC-based group US Housing Consultants recently released a short analysis of HUD's recent decision to enforce the Fair Housing Act to prohibit discrimination because of sexual orientation and gender identity. Click here to read more.
Read moreForeclosure & Eviction Moratoriums Extended Through June 30th
BY BRAD BECKETT ON FEBRUARY 17, 2021
The U.S. Department of Housing & Urban Development (HUD) announced in mid-February the extension of the FHA's foreclosure and eviction moratoriums through June 30th, 2021, as well as an extension of the initial start date of a COVID-19 Forbearance. Click here to read more.
Read moreYardi Says Bright Spots are Beginning to Emerge
BY BRAD BECKETT ON FEBRUARY 11, 2021
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.2% year-over-year in January. However, overall rents increased in January by $3 to $1,392.Click here to read more.
Read moreTwo Georgia Counties Defy CDC Eviction Order
BY BRAD BECKETT ON FEBRUARY 10, 2021
The AP is reporting that two counties in the state of Georgia are refusing to enforce the CDC's eviction order that effectively halts evictions during the coronavirus pandemic. Click here to read more.
Read moreFHFA Extending Foreclosure & Eviction Moratoriums through March
BY BRAD BECKETT ON FEBRUARY 10, 2021
The Federal Housing Finance Agency (FHFA) announced they are extending their moratorium on foreclosures and evictions from single-family foreclosures and real estate owned (REO) through March 31, 2021. Click here to read more.
Read moreEmergency Rental Assistance Program Grantee List
BY CHARLES TASSELL ON FEBRUARY 8, 2021
Rental Emergency Assistance funding came through in the December 2020 Stimulus Bill and will result in $25 billion being made available to residents who are behind on rent and utilities for Covid-19 related reasons. The funds are distributed like a block grant, to states, territories and substantial counties and municipalities, as well as specific Native American Housing Authorities. Click here to read more.
Read moreRentable Says Rent Prices are Rising Slowly
BY BRAD BECKETT ON FEBRUARY 4, 2021
Rentable (formerly known as ABODO) says that the median nationwide rent price for one-bedroom units in February was $1,124 with two-bedroom units coming in at $1391. Click here to read more.
Read moreInvesting in Notes and Helping Homeowners Stay in Their Homes
BY BRAD BECKETT ON FEBRUARY 4, 2021
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Martin Saenz about the state of note investing during the pandemic and helping homeowners stay in their homes.Click here to read more.
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