News Ticker

COVID-19 News Round-up for December 29th

Credit: AZ Big Media

Budget, Policy & Stimulus News

Trump Signs Relief Package

President Donald Trump has signed off on a $900B pandemic relief package. In addition to the COVID-related spending, the bill also includes $1.4T to continue government operations through September. (Source)

Business May See Easier PPP Loan Forgiveness

The new $900B stimulus package provides for a simpler, one-page forgiveness process for Paycheck Protection Program loans. Loans of less than $150K made during the first round of relief, and any second-round loans, will fall under the simplified process. Industry groups had pushed for the measure while lobbying for the new package. (Source)

Economic News

Arizona is a Leader in Eviction Risk

A new report from AdvisorSmith shows Arizona has the fourth highest risk for renter eviction in the country. The report estimates Arizona renters’ risk of eviction at 14.9 percent. Only South Carolina, Florida and Maryland risks were higher. (Source)

Some Markets May See Post-Pandemic Boom

Experts expect some real estate markets to see a boom in the post-pandemic era. Among recent predictions: Expensive coastal areas will rebound, new tech hubs will increase in popularity, and the South and the Sun Belt could see big gains. (Source)

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