Here’s a quick digest of what happened in U.S. real estate last month:
+ Moody’s chief economist believes the real estate market is topping out, but that it doesn’t mean housing prices are about to take a free fall anytime soon.
+ Local courts across the country could see an influx of eviction cases when the eviction moratorium ends on July 31st. What comes next for renters and landlords will largely depend on how states and municipalities manage this potential influx.
+ Historically high lumber prices take a dive as Americans start to go on vacation instead of renovate and supply starts catching up to demand.
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