Real estate groups push back on eviction ban extension

Real estate groups push back on eviction ban extension

Real estate groups push back on eviction ban extension
After the Biden administration announced that the Centers for Disease Control was extending the moratorium on evictions this week, a group of real estate entities have petitioned a federal court to block it. The legal challenge centers around a 60-day freeze on evictions in parts of the country experiencing a surge of COVID-19.

The Alabama Association of Realtors, along with other real estate coalitions, have sued to stop this ban on evictions arguing that it harms the nation’s 10 to 11 million landlords and results in over $13 billion in unpaid rent every month.

The current moratorium is set to expire at the end of September.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 percent.

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