Real Estate News Brief - Federal Eviction Ban Extended, Lennar as Single-Family Landlord, Zillow Ends Free Rental Listings

In this Real Estate News Brief for the week ending January 23rd, 2021… another extension for the Federal eviction ban, homebuilder Lennar to become a single-family landlord, and no more free rental listings on Zillow.

We begin with economic news from this past week, and the likely return of former Fed chief Janet Yellen as the new U.S. Treasury Secretary. The Senate Finance Committee approved her nomination on Friday the 22nd. The Senate is expected to vote today, and if confirmed, she'll be the first woman to lead the department in its more than 230-year history.

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Links: 1 - https://www.marketwatch.com/story/yellens-nomination-to-be-u-s-treasury-secretary-advances-on-unanimous-committee-vote-11611328550?mod=bnbh_mwarticle 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-still-high-900-000-in-last-full-week-of-trump-presidency-11611236766?mod=economic-report 3 - https://www.marketwatch.com/story/new-home-construction-activity-soars-to-highest-level-in-over-a-decade-as-builders-rush-to-produce-single-family-homes-2021-01-21?mod=u.s.-economic-calendar 4 - https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales 5 - http://www.freddiemac.com/pmms/ 6 - https://www.cnbc.com/2021/01/20/biden-to-extend-the-national-ban-on-evictions-through-march-2021.html 7 - https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program#:~:text=The%20Emergency%20Rental%20Assistance%20program,local%20governments%2C%20and%20Indian%20tribes. 8 - https://www.thestreet.com/investing/lennar-moving-into-single-family-rentals 9 - https://www.inman.com/2021/01/20/the-end-of-free-rental-listings-on-zillow-is-here/