U.S. Stocks Drop Amid Concern Recovery Has Peaked: Markets Wrap
Yahoo Business – 9/7/2021
U.S. stocks slipped from near records with traders returning from the long weekend to worries that the economic recovery is faltering.

48% of renters worry they won’t ever be able to buy a home, survey finds
CNBC – 9/7/2021
That concern is most acute among Gen X and millennials, cohorts that are in their peak earning years.

U.S. Annual Home Prices Gain A Record 18% In July
Financial Advisor – 9/7/2021
The jump is the largest 12-month gain in the index since the series began 45 years ago. 

INDUSTRY NEWS

Good-Time-to-Buy Sentiment Up, Remains Low
DS News – 9/7/2021
Economists say the COVID-19 Delta variant and inflation could be offsetting homebuying optimism that might otherwise be more favorable.

CoreLogic: Home Price Gains Expected to Slow to 2.7% by Next Year
Mortgage Professional America – 9/7/2021
CoreLogic projects that ongoing affordability challenges will deter some potential buyers, and an expected uptick in new for-sale listings will cause a slowdown in home price growth.

Buying a Home on a Budget? Here Are America’s 10 Most Affordable Metros
Realtor.com – 9/7/2021
The Realtor.com data team ran the numbers and combed through the 300 largest metros to find which had the lowest median home prices in July 2021. 

Distributed by Carrington Communications.