5 at 5: Your Daily Digest for Real Estate Investing, 1/20/21
Biden takes office with an eye on eviction ban extension, first-quarter stimulus lift seen, rates edge up and mortgage apps slip, FHFA moratorium, and tax impacts by state. Among executive orders the new president of the United States is expected to sign today is an extension of the federal evictions ban through March 2021, and he's expected to ask Congress to keep it in place through September. With $25 billion in rental assistance, the Paycheck Protection Program, and support for airlines, movie theaters, and live venues among its provisions, the much-delayed new COVID-19 relief package broadly supports commercial real estate, Marcus & Millichap (NYSE: MMI) says in a report quoted today on Connect Commercial Real Estate.
