With days to go before the end of a nationwide eviction moratorium, the Centers for Disease Control and Prevention has extended the federal order until June 30. The previous extension was due to expire at the end of March, which was already an amendment to the original end-of-January extension...
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As we reported last month, rents are flattening or decreasing in many locations across the state. In San Francisco, where Livable is based, one- and two-bedroom average rents were down a shocking 11 percent in August compared to one year ago, according to data from listing site Zumper. With over 7 million in California filing jobless claims since businesses began closing in March, many are moving in with loved ones to save money or leaving the state altogether. This trend could lead to an even bigger drop in demand in the months ahead.
As we head into a summer unlike any we have ever experienced, there is reason for hope and reason for concern. With infection numbers down, states and cities are haltingly opening the doors to more and more businesses, beginning the important work of restarting our economy. At the same time, states that have reopened too quickly have seen a quick uptick in infections and hospitalizations.