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...

LINKS:

JOIN RealWealth® FOR FREE 🏡👇

https://realty.realwealth.com/join-now/

~~~~

EXPAND YOUR REAL ESTATE KNOWLEDGE AND PORTFOLIO

Members have exclusive access to👇

👉Vetted property teams

👉Trusted lenders and lawyers

👉Regular property tours

👉Vetted CPAs and legal

👉Asset protection providers

👉And more!

~~~~

FOLLOW OUR PODCASTS🎤️👇

The Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS

Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN

~~~~

READ BOOKS BY RealWealth FOUNDERS📖👇

The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook

Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals

~~~~

FREE RealWealth EDUCATION & TOOLS👇

RealWealth market reports: https://realwealth.com/learn/best-places-to-buy-rental-property/

RealWealth webinars: https://realwealth.com/thursday-webinars/

RealWealth videos: https://realwealth.com/category/video/

RealWealth Assessment™: https://realwealth.com/assessment/

~~~~

MORE INFORMATION

RealWealth stories: https://realwealth.com/stories/

Become a RealWealth property team: https://realwealth.com/new-team/

Check out our syndications at Grow Developments: https://growdevelopments.com/

~~~~

FOLLOW US ON INSTAGRAM:

Kathy: @kathyfettke or https://www.instagram.com/kathyfettke/

Rich: @richfettke or https://www.instagram.com/richfettke/

RealWealth: @realwealth or https://www.instagram.com/realwealth/

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.com/story/fed-holds-rates-steady-wanting-to-see-more-progress-on-inflation-before-cutting-8b0849d5?mod=home-page 4 - https://www.marketwatch.com/story/jobless-claims-jump-to-nearly-one-high-of-249-000-but-its-not-as-bad-as-it-looks-0b16ff15?mod=home-page 5 - https://www.cnbc.com/2024/08/02/job-growth-totals-114000-in-july-much-less-than-expected-as-unemployment-rate-rises-to-4point3percent.html 6 - https://www.marketwatch.com/story/job-openings-fall-slightly-labor-market-is-still-strong-but-cooling-6c455a01?mod=economy-politics 7 - https://www.marketwatch.com/story/home-prices-climb-to-set-another-record-high-in-may-case-shiller-says-but-rise-is-losing-steam-44f0ede7?mod=economy-politics 8 - https://www.marketwatch.com/story/pending-home-sales-post-surprise-jump-in-june-due-to-rising-number-of-home-listings-b6a7d263?mod=economic-report 9 - https://www.cnbc.com/2024/08/02/mortgage-rates-lowest-level-in-a-year.html?__source=realestate%7cnews%7c&par=realestate 10 - https://www.cnbc.com/2024/07/30/here-are-the-signs-of-an-improving-housing-market.html 11 - https://www.bisnow.com/national/news/capital-markets/foreclosures-surge-as-some-investors-call-bottom-others-say-pain-is-just-starting-125277