With Congress at loggerheads on an extension of pandemic-related unemployment benefits, analysts said that housing markets could take a hit if authorization for the $600 per week payments is ended as of July 31.  

Currently there is a proposal by the Senate to reduce benefits to $200 per week temporarily until a permanent plan of offering 70% of a person’s previous earnings can be implemented.  The House of Representatives passed a measure earlier this year extending the $600 weekly benefit to the end of 2020.

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Michael Riccardi

Michael Riccardi has been a reporter and editor at ALM publications for more than 20 years. A graduate of Villanova University's law school, he lives in Philadelphia. He can be reached at [email protected]

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