1. Why Haven’t Mortgage Rates Fallen Further?
St. Louis Fed – William R. Emmons (June 15)
Link (blog post)
Takeaway. “If long-term Treasury yields remain very low and conditions in the retail mortgage market return to normal, mortgage rates will decline in the near future.”
2. De-densification Trend Reshaping Real Estate Outlook
Marcus & Millichap – John Chang
Link (3-minute video)
A quick video summarizing how COVID-19 is sparking an acceleration of relocation to the suburbs and to a variety of cities across the country.
3. Housing market should ‘cool off’ later in year, Moody’s economist Zandi says
Moody’s Analytics – Mark Zandi
Link (3-minute video)
“Zandi said the housing market has “navigated the pandemic remarkably well, and there are some very solid underpinnings. It’s just going to cool off a bit later this year.””
Other Links
Jobs, Benefits & The Recovery
- Observations on the U.S. Market Recovery – Mike DelPrete
- Employment Surprises to the Upside – Grant Thornton – Diane Swonk
- Millions face ‘income cliff’ next month when extra $600 in Unemployment Benefits ends – CNBC – Alicia Adamczyk
- 67% of Jobless Workers Get More in Unemployment Than They Earned – The Motley Fool – Christy Beiber
- Quick Read: June Jobs Report, Revisions & Industry-Specific Recoveries | LinkedIn – RealMassive – David Delich
- Banks have grown by $2 trillion in deposits since coronavirus first hit – CNBC – Hugh Son
Apartments & Rents
- Apartment List National Rent Report – Research – Apartment List – Chris Salviati
- Rent is dropping across the country – HousingWire – Julia Falcon
- The apartment sector may escape a doomsday scenario – Scotsman Guide – Victor Calanog & Baraba Denham
- As Apartment Demand Rebounds, Rent Cuts Disappear in Most Markets – RealPage – Jay Parsons
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