Good Morning! Today is Friday, Aug. 6. Corporations and businesses across the country are increasingly ordering their employees to get vaccinated against COVID-19. The Senate is still struggling to come to agreement on a $1 trillion infrastructure bill. Wildfires are burning in both the U.S. and Europe. The U.S. women’s basketball team is competing for Olympic gold. New York Gov. Andrew Cuomo is facing increasing calls from fellow Democrats to resign.
And in mortgage and housing news…
Rates Continue Decline: Mortgage rates fell again this week amid ongoing concerns over the COVID delta variant.
Good Mortgage Trends: The number of mortgages underwater dropped in the past quarter, while the number of “equity-rich” homes increased.
Strong Words: The Washington Post claims that the new Biden eviction moratorium is “almost certainly illegal.”
Generational Struggle: Gen Z—those born just before the turn of the century—are increasingly struggling to be able to afford homeownership.
The Rental Gap: Low-wage workers continue to struggle with rent payments amid a still-searing housing and rental market.
Back to School: One company is debuting a short-term rental service with an emphasis on college game days.
Ĭn and Out: Some divorced parents have stopped shuttling their kids between homes; instead, the parents shuttle themselves.