economics

Three reasons there won’t be a housing crash in 2021

2020 came, and with it COVID-19. Five weeks into the crisis, demand for housing in the U.S. bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June. The housing bubble boys had those five glorious weeks when it finally looked like the market would succumb to their dire …

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How Biden’s $1.9T stimulus plan impacts housing

President-elect Joe Biden’s $1.9 trillion stimulus, unveiled Thursday as the American Rescue Plan, includes a call for extending the national moratorium on evictions and foreclosures until Sept. 30, while also setting aside funds to provide legal assistance to households facing foreclosure or eviction. Biden is also calling for an additional $30 billion in funding for emergency rental, energy and water …

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