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The Real Estate News Brief: New Eviction Moratorium, New Opportunity Zone Legislation, and Seller Spy Cams

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Transcript 00:00:00 Intro [Speaker] Kathy Fettke In this Real Estate News Brief for the week ending August 7th, 2021... another single-family eviction moratorium, legislation to extend Opportunity Zones, and sellers who use spy cams at showings. Hi, I'm Kathy Fettke and this is the Real Estate News for Investors. Economic News We begin with economic news from this past week. The job market picked up speed in July with the creation of 943,000 new positions. Most of those jobs are for leisure and hospitality, but a large portion were also government jobs. According to MarketWatch, July’s hiring spree is the largest in about a year. It also helped reduce the unemployment rate from 5.9% in June to 5.4% in July. (1) The weekly unemployment report also shows that fewer people applied for benefits. Initial state claims dropped to 385,000 for the last week of July. That’s the lowest number we’ve since the start of the pandemic. Continuing claims are down to 2.93 million. (2) If you add all the benefits that people ar