United States Real Estate Investor News - May 17, 2021

United States Real Estate Investor

Feds Target Landlords Filing Massive Evictions
Feds target evictions by some of America's biggest landlords. The FTC (Federal Trade Commission) and the CFPB (Consumer Financial Protection Bureau) has contacted major landlords, equaling more than 2 million rental units to remind them of the still in effect, pandemic induced moratorium on evictions per the CDC (Centers for Disease Control and Prevention).
Feds target evictions by some of America's biggest landlords
https://www.cbsnews.com/news/federal-regulators-scrutinizing-large-property-owners-over-eviction-practices-ftc-cfpb/

Real Estate Investing Forecasts In The City of Angels
Is the Los Angeles real estate investing market looking up? Here are the forecasts and related information quoting The Motley Fool, “Rental vacancies are up 2.5% in Los Angeles on a year-over-year basis. As a result, rental rates are also down. Though, notably, they're only down 0.4%. However, investors will be heartened to know that this is likely to be a short-term issue. Vacancies are up as a result of an increase in the accessibility of remote work, but as LA seems to be preparing to reopen in the very near future, it is likely that people will return to the office and vacancies will soon start to decrease.”
2021 Los Angeles Real Estate Market Investing Forecast
https://www.fool.com/millionacres/market/california/los-angeles/
Real Estate Tech Giants Are Shaken
After a Q1 report, some of the biggest real estate tech giants like Compass, Redfin, and Zillow have started to come unglued and SoftBank’s miracle unicorn company Better is suggested to go public via SPAC as SPACs take a dive.
Real Estate “Tech” Stocks Compass, Redfin, Zillow Come Unglued
https://wolfstreet.com/2021/05/13/trouble-at-stock-markets-margin-real-estate-tech-stocks-compass-redfin-zillow-unglued-softbank-miracle-unicorn-better-to-go-public-via-spac-as-spacs-dive/
For our quick read suggestion this week, we have:

What the Single-Family Rental Boom Has Taught Multifamily Operators by Franco Faraudo at PropModo
https://www.propmodo.com/what-the-single-family-rental-boom-has-taught-multifamily-operators/

And for our quick listen suggestion, we have:

Hotels and Housing are Bright Spots in Real Estate from Bloomberg
https://www.bloomberg.com/news/audio/2021-05-10/hotels-housing-are-bright-spots-in-real-estate-podcast
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