Multifamily Went Down, Fitch Downgrades US Credit Rating & More! | Real Estate Market News #shorts

In this video, we dive into the July jobs report, revealing that the numbers fell below expectations with 187k jobs added. Notably, Fitch has taken the step of downgrading the US credit rating, signaling potential economic shifts ahead.

We also explore the regional job markets, as Texas emerges as a powerhouse with two of the top 3 markets for job creation year over year. On the construction front, multifamily permits and starts show a downward trend month over month and year over year, indicating shifts in housing demand.

For those keeping an eye on mortgage trends, we discuss the slight uptick in average 30-year fixed mortgage rates, which now stand at 6.90%. Stay informed and up-to-date with the latest developments in the real estate landscape by subscribing to our channel. Knowledge is key, and we're here to provide you with valuable insights to navigate these dynamic markets. Don't forget to hit that subscribe button and enable notifications so you never miss an update!

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https://trendinginrealestate.com/multifamily-investing/from-sleeping-on-an-air-mattress-to-buying-apartments-the-mudd-club