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The Real Estate News Brief: Rental Assistance Helps Landlords, Rent Growth Speeds Up, Housing Boom for Opportunity Zones
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:06:14
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Sinopsis
In this Real Estate News Brief for the week ending May 22nd, 2021... the government’s rental assistance program is helping landlords, rent growth speeds up, and the housing boom is adding value to opportunity zones. Economic News We begin with economic news from this past week, and a Treasury Department announcement that it has distributed $6 billion in rental assistance in the last two weeks. And more money is on the way. (1) A total of $21.6 billion was allocated to the program as part of a stimulus package approved in March. Another $25 billion had been approved in December. The funding is important to help pay off tenant debt to landlords as eviction moratoriums expire. More Americans are heading back to work. The latest unemployment report shows that initial jobless claims were down 34,000 last week, to 444,000. (2) That’s the lowest number we’ve seen in more than a year. More than 16 million people are still getting unemployment checks, but that number is also decreasing. Several states say they plan to