Real Estate News Brief: Big Drop in GDP, Mortgage-Free Homes, and Google’s Plan for Affordable Housing
07.30.2019 - By Real Estate News: Real Estate Investing Podcast
In this week's Real Estate News Brief... we’ll find out why the dramatic drop in the GDP, how many U.S. households have “no” mortgage, and what Google is doing to make Bay Area housing more affordable.
We begin with economic news from this past week that shows a rebound in new home sales. After two month of declines, they rose 7% in June to an annual rate of 646,000. That’s 4.5% higher than June of last year, mostly due to lower mortgage rates.
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