With a federal eviction moratorium issued by the CDC ending on June 30, 2021, more than 4 million adults currently live in a household at risk of an eviction or foreclosure in the next two months, according to the U.S. Census Bureau. In California, the Census Pulse Survey results have been quite consistent in general — about […]
Appeal Delays Judge’s Ruling to Lift Eviction Ban; CA Status
A U.S. District Court judge for the District of Columbia ruled last week that the CDC’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the struggle for housing providers isn’t over. The U.S. […]
Eviction Moratorium to June 30
With days to spare before a statewide eviction moratorium was set to expire, Gov. Gavin Newsom signed a law extending the ban until June 30, 2021, impacting millions of Californians faced with economic hardships brought on by the COVID-19 pandemic. The Judicial Council anticipates 240,000 evictions filings this year, double the amount from 2019-2020, “given the […]
New Laws On the Books
New laws that may impact REALTORS® are now in effect or will be this year. Here are a few of the top new laws: Proposition 19 (Statewide Tax Basis Portability) As of Feb. 16, Prop 19 changes the rules on exemptions from reassessment for intergenerational (family) transfers by limiting the exemption to the transfer of […]
California Moratorium on Fire Insurance Cancellations
As this year’s historic wildfire season winds down, Californians living in fire-prone territory got temporary relief from another threat: they can’t lose their homeowners’ insurance policies for another year. Premiums and nonrenewal rates have skyrocketed in California’s fire-prone regions since 2015 as companies are loath to pay for damages wreaked by the state’s increasingly devastating […]
Eviction Moratorium for Tenants, Landlords
The Trump Administration’s new eviction moratorium, announced Sept. 1, gives the Centers for Disease Control and Prevention (CDC) authority to bar landlords from evicting most tenants for non-payment of rent through Dec. 31. The moratorium coincides with legislation signed Aug. 31 by Gov. Gavin Newsom (see details here). The new rules, which go into effect as […]