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236 5 minutes read A federal district court judge on May 4 overturned the Centers for Disease Control’s moratorium on evictions, scheduled to be in effect until June 30, 2021. This decision overturning the order appears overreaching and has been stayed, at least temporarily, based on an appeal by the U.S. Department of Justice. However, coming on the heels of successful challenges to the eviction moratorium in other jurisdictions, it is indicative of how landlords are licking at their chops to begin throwing millions of renters out onto the streets as soon as possible. These imminent evictions will exacerbate a disaster that was already in the makings before the COVID pandemic struck. ....
by Tyler Durden Saturday, May 08, 2021 - 02:18 PM With BofA predicting that the US is facing a period of transitory hyperinflation as a result of soaring commodity prices in everything from metals to food. The @UNFAO global food price index rose for an 11th month in April to a seven year high at 120.9, representing a y-o-y jump of 30.7%. Food #inflation has not risen this fast since 2011 with all sectors rising led by sugar and oils - #agriculture#grainspic.twitter.com/V78egWukzI Ole S Hansen (@Ole S Hansen) May 6, 2021 .. and beyond, in what increasingly more warn is a stagflationary burst right out of the 1970s playbook. ....
Rent Surges on Single-Family Homes With Landlords Testing Market With occupancies north of 95 percent, some single-family rental REITs are raising rents by nearly 10 percent on vacant units. Bloomberg | May 07, 2021 (Bloomberg) Record occupancy rates are emboldening single-family landlords to hike rents aggressively, testing the limits of booming demand for suburban rentals. American Homes 4 Rent, which owns 54,000 houses, increased rents 11% on vacant properties in April, according to a statement Thursday. Invitation Homes Inc., the largest landlord in the industry, boosted rents by similar amount, an executive said on a recent conference call. Housing costs are jumping across the U.S. as vaccines fuel optimism about a rebound from the pandemic. With homeownership out of reach for many Americans, rents are also climbing. The increases may add to concerns about inflation pressures as the economy recovers. ....
Single-family home landlords hike rents amid strong demand for suburban houses washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.