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On Sept. 14, RISMedia held its annual Real Estate CEO & Agent Leadership Exchange, this year co-presented by the National Association of REALTORS®. The exclusive, full-day, virtual event attracted thousands of industry professionals, featuring broker- and agent-focused sessions with real estate’s most influential and successful executives, brokers, agents, coaches and more.
States with unallocated Emergency Rental Assistance Program (ERAP) funds could wind up losing them as the U.S. Department of the Treasury prepares to reevaluate where the money is needed most.
The Treasury will start assessing how it will reallocate “excess” ERAP funding that Congress approved to help distressed tenants and property owners on Sept. 30. The process is part of a legal requirement that Congress set when it allocated $26.5 billion under the Consolidated Appropriations Act of 2021 (ERA 1) in December 2020.
Fall buyers this year will have more supply to choose from, with inventory reaching a 2021 peak of 646,053 for-sale homes in September.
According to the realtor.com® Monthly Housing Report, almost one-third of the 50 largest metros saw increases in newly listed homes compared to last year. New listings were up more than 10% YoY in Austin, Texas; Portland, Oregon; Jacksonville, Florida; and Washington, D.C.