Supreme Court Blocks Eviction Moratorium

In a decision late Thursday evening, The U.S. Supreme Court blocked the CDC from enforcing a federal moratorium on evictions that was recently reinstated by the Biden Administration.  CNBC said called it a defeat for the Biden administration’s efforts to continue the eviction moratorium despite an earlier signal from the court that the government lacked the proper legal basis.  Click here to read more.

Existing Home Sales Up 2% in July

The National Association of Realtors is reporting that existing home sales were up 2% in July to a seasonally-adjusted annual rate of 5.99 million (up 1.5% from one year ago). Click here to read more.

Housing Starts Down 7% in July

The U.S. government is reporting that privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,534,000, which is 7% lower than June’s revised number. Click here to read more. 

New Single-Family Home Sales Up in July

The U.S. Government is reporting that sales of new single-family houses in July, 2021 were at a seasonally adjusted annual rate of 708k, which is 1% higher than June’s revised rate and is 27.2% lower than one year ago. Click here to read more.

MBA Says Mortgage Delinquencies See Decrease in Q2 of 2021

The Mortgage Bankers Association says the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.47% of all loans outstanding at the end of Q2 2021. Click here to read more.

FEMA to Add Climate Change Data to National Flood Insurance Program

CNBC is reporting that, starting October 1, FEMA will be factoring in the impact & risks of so-called climate change as part of a complete overhaul to make insurance pricing more accurately reflect each property’s unique flood risk. Click here to read more. 

Your Tenant Broke Their Lease? Here’s What’s Next

On a recent episode of Rent Perfect podcast David Pickron sits down with Arizona Attorney Mark Zinman to discuss the proper steps to take when a tenant has broken their lease agreement. Click here to read more. 

Management Matters

Jeffrey S. Watson says he dictated this on his way to meet with a contractor and a tenant to collect 3 months of unpaid rent. The tenant had stopped paying rent due to a COVID illness and domestic issues. He says emphatically, “management matters.” Click here to read more. 

Rents From Florida to California are Rising at Record Speed

A recent report from Bloomberg is highlighting how rents across the nation are rising at record speeds. They point out that the number of occupied rental-apartment units rose by about 500k in Q2, the biggest annual increase in data going back to 1993. Click here to read more.

Fastest Growing Cities in America

The Visual Capitalist reminds us that the world has become increasingly more urbanized, especially in the United States – with over 80% of our population concentrated in key metro areas. So, which of these urban areas (those with 300k+ people) are growing the fastest? Click here to read more.