COVID-19 relief package moves closer, jobs report shows slow recovery, CEOs see little office space demand, real estate agents and the vaccine, and CoreLogic sells itself.
In Today’s News
Both chambers of Congress have now passed a budget resolution, a key procedural step that sets up the ability for Democrats to pass President Joe Biden’s sweeping $1.9 trillion COVID-19 relief package without the threat of a filibuster from Republicans who oppose it.
Why it matters: That package contains multiple items of real estate investor interest, including $25 billion in rental assistance and a continuing eviction moratorium, for starters. The whole thing is dubbed the American Rescue Plan. We shall see.
U.S. employers resumed hiring in January, but the weak pace of job gains suggested a long road remains for the recovery, The Wall Street Journal [subscription required] reports.
Why it matters: Well, at least it’s a jobs gain. In December, that metric was in the red for the first time since the pandemic began.
A survey of more than 100 corporate chief executives found