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NAR: Oct. Pending Home Sales Down 1.1%
Year-to-year pending sales surged 20.2%, but only one region – the South, which includes Fla. – had a month-to-month increase (0.1%). NAR Economist Yun thinks rising prices hurt affordability and deterred some buyers, but the lack of inventory is an ongoing problem....
New Stimulus Bill Includes Money for Rent Assistance
A complex pandemic stimulus bill compromise appears to offer relief for landlords even as Congress extends a rental ban to Jan. 1, 2021. It also bolsters Paycheck Protection Program (PPP) loans ($284B more) and Economic Injury Disaster Loan (EIDL) grants ($20B more)....