The Real Estate News Brief: U.S. Housing Inventory Returning to Normal and Fastest Growing Markets for Apartments

Real Estate News: Real Estate Investing Podcast

In this Real Estate News Brief for the week ending June 8th, 2024... why a strong jobs report discourages the Fed from cutting rates, why Americans may have an easier time finding a home to buy, and which metro is experiencing the most apartment construction. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I encourage you to take a moment to sign up for a free RealWealth membership at newsforinvestors.com. Once you’re signed up, sign in and check out our webinar page. Coming up this week is a webinar on asset protection and estate planning for millennials through boomers. Sign up and join us! Back to our economic news. We begin with news from this past week that gave us a strong jobs report and less reason to expect a near-term interest rate cut. Fed officials are meeting this coming week so we may get a clue about when they may cut rates, but economists believe the strong jobs report will give them reason to hold off on a rate cut since it alleviates some amount of worry about how the high-interest rate environment is impacting company decisions on hiring. And inflation has not yet returns to the Fed’s 2% target... ...Despite that slight drop in occupancy, RealPage researchers believe the market is balanced due to solid job and population growth. That kind of data has also put Huntsville on our own radar for single-family rental investing. Join RealWealth for free to find out more about Huntsville! Thanks for listening! And please don’t forget to subscribe! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/jobs-report-for-may-critical-employment-data-on-tap-as-bond-yields-dive/card/economy-creates-strong-272-000-new-jobs-in-may-fed-rate-cuts-are-going-to-have-to-wait--IJHHmgWkVEjT8PcJbzso 2 - https://www.cnbc.com/2024/06/07/jobs-report-may-2024-us-job-gains-totaled-272000-in-may.html 3 - https://www.marketwatch.com/story/jobless-claims-climb-to-4-week-high-of-229-000-but-layoffs-still-show-little-sign-of-accelerating-4f29ebe6?mod=economic-report 4 - https://www.marketwatch.com/story/construction-spending-falls-for-second-month-in-a-row-43159d63?mod=mw_latestnews 5 - https://www.freddiemac.com/pmms 7 - https://www.realtor.com/news/trends/housing-inventory-returning-to-normal-may-2024-economists-say/ 8 - https://www.globest.com/2024/06/03/here-is-the-fastest-growing-apartment-market-in-the-us/ 9 - https://www.credaily.com/newsletters/singlefamily-rental-construction-39-yoy/#:~:text=Homebuilder%20bliss%3A%20In%202023%2C%20developers,according%20to%20a%20WSJ%20report.