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The Pryor Group Blog

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Prices have risen 30% in the last twelve months.  We will have to see if the paycheck protection ending, the eviction moratorium ending and the kids back in school will affect our real estate market.  There could be some evictions coming..

Being able to evict tenants behind in their rent will motivate some landlords to get out of the rental business and sell the property to get their finances back in order.  While the governments publicized help to landlords and tenants, many landlords complained about delays or problems applying for the funds.  If we see a significant increase in the inventory of homes to sell, that could affect prices.  But as long as interest rates stay low, demand will be high.

The recall election of the Governor of California may affect our market too.  The recall is not certain, but it would be devastating psychologically for the Democratic party, if it happens..  The Democrats have overwhelming majorities in the government of California so a recall should not affect legislation.