Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.

The Mortgage Bankers Association and a broad real estate coalition on Friday commended measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30.

U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.

The Biden Administration’s proposed Fiscal Year 2022 Budget put down in black and white – and dollars and cents – many suggestions that have been made in more general terms in the Administration’s American Jobs and Family Plan, during the most recent presidential campaigns and in some cases going back decades.

Good morning! While Congress continues to work out a compromise on infrastructure legislation, eyes shift to Foggy Bottom, where the Federal Open Market Committee meets this week to figure out if inflation has become a problem.