Fortune (June 28)
“Recent housing market indicators show persistent weakness in home prices, including consecutive month-over-month declines. That’s as housing supply has increased while demand has stayed tepid amid still-high mortgage rates hovering around 7%. The slump in prices raises the risk of a prolonged downturn.” There may be an upside to the slump. Lower prices may “make homes more attractive, potentially spurring more demand and representing some relief for younger Americans who are looking to buy but have been priced out of the market.”
Tags: Buy, Declines, Demand, Downturn, Home prices, Housing market, Indicators, Mortgage rates, Persistent weakness, Priced out, Relief, Supply, Tepid, Younger
USA Today (June 17)
“Falling rate of COVID-19 across the United States mask a harsh reality—the overwhelming majority of those getting sick and being hospitalized today are unvaccinated, while vaccinated people are becoming rare.” The sickest patients are also more likely to be younger “as older people are much more likely to be vaccinated.”
Tags: COVID-19, Falling, Hospitalized, Patients, Rate, Sickest, U.S., Unvaccinated, Vaccinated, Younger
