The Real Estate News Brief: U.S. Debt Downgrade, Monthly Mortgage Increase, New Wind Risk Data for Homebuyers

In this Real Estate News Brief for the week ending August 5th, 2023... the government's debt rating get a downgrade, typical mortgage payment rises, and wind risk data is now available on a popular listing website. We begin with economic news from this past week that features a downgrade on U.S. government debt. The Fitch credit rating agency lowered the U.S. government's debt rating one notch, from AAA to AA+ saying the downgrade reflects "expected fiscal deterioration" that includes a rising amount of government debt and repeated problems with "governance" because of all the debt-ceiling battles in Congress... Please visit newsforinvestors.com to keep up with all the real estate news, and hit the "Join for Free" button to become a member of RealWealth. You'll get access to all our real estate data on markets that make sense for investors. And please remember to hit the subscribe button for this podcast, and leave a review! You can also follow me on instagram, and learn how to create financial freedom from my audiobook, Retire Rich with Rentals. Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.marketwatch.com/story/mortgage-rates-rise-as-fitch-downgrades-u-s-government-debt-6d049644 2 - https://www.marketwatch.com/story/the-u-s-debt-will-rise-by-more-than-5-billion-every-single-day-for-the-next-decade-775ed38d?mod=economy-politics 3 - https://www.marketwatch.com/story/warren-buffett-dismisses-fitch-downgrade-there-are-some-things-you-shouldnt-worry-about-f20a4482 4 - https://www.marketwatch.com/story/kashkari-says-fed-pulling-off-soft-landing-would-be-a-resounding-positive-outcome-77b581d3 5 - https://www.marketwatch.com/story/richmond-feds-barkin-says-inflation-remains-too-high-expects-economy-to-slow-f72776d4?mod=inflation 6 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-227-000-but-show-no-sign-of-rising-layoffs-bd103957?mod=economy-politics 7 - https://www.marketwatch.com/story/job-openings-in-the-u-s-little-changed-at-9-6-million-e2fe3eb9?mod=economy-politics 8 - https://www.marketwatch.com/story/u-s-adds-187-000-jobs-in-july-and-points-to-slowdown-in-hiring-f24ac81f?mod=home-page 9 - https://www.marketwatch.com/story/u-s-construction-spending-rises-in-june-6a4047a4?mod=economic-report 10 - https://www.freddiemac.com/pmms 11 - https://www.redfin.com/news/housing-market-update-monthly-mortgage-payments-near-record-high/ 12 - https://www.redfin.com/news/redfin-adds-wind-risk-data-for-u-s-homes/