Real Estate & Economic Insights for the week ending June 5, 2020
Where there is still evidence of weakness in certain sectors of the economy as well as the real estate market including retail and hospitality, overall sentiment continues to show improvement. In addition, the number of mortgages in forbearance has started to decline and the Labor Department released a surprising report that 2.5 million jobs were added during the month of May.
While this is cause for optimism, there are still more than 4.7 mortgages in forbearance and US employers have not added back the almost 20 million jobs lost during the COVID-19 pandemic.
During this past week we found the following articles related to real estate and the economy that are useful in highlighting both where things stand and where we are headed