The Real Estate News Brief: Job Market Jitters, Home Affordability, CRE Foreclosures

In this Real Estate News Brief for the week ending August 3rd, 2024... why concern is growing about the job market, how home affordability just got a little better, and what's happening with commercial property foreclosures.

We begin with economic news from this past week. It's been a bumpy ride for stock traders. The latest reports on the job market sent Wall Street into somewhat of a tailspin, but as fast as that happened, a report from the Institute of Supply Management helped soften the blow...

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REFERENCES:

1 - https://www.marketwatch.com/story/u-s-economy-improves-in-july-ism-finds-despite-fresh-worries-over-recession-b6a269e4?mod=newsviewer_click 2 - https://www.cnbc.com/2024/07/31/fed-rate-decision-july-2024.html 3 - https://www.marketwatch