Markets & Economy

Real estate market recap, July 6-10

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The Money Anxiety Index showed: Consumers are cautiously more confident; the index decreased 0.01 point to 64.8 for July. Although the United States added 223,000 new jobs in June, many people are worried that financial crises in Greece and Puerto Rico may impact America’s economy. Since the 2008 crisis, many consumers have been reluctant to spend money. MPF's Apartment Market Research & Reports showed: The West region posted new lease rent growth of 7.8 percent year over year. New leases increased by 5.2 percent nationwide spanning the past 12 months and by 2.5 percent during the past three months. Seven of the top 10 metros for new lease rent growth were in the West. Black Knight Financial Services' mortgage monitor showed: The principal and interest payment on a median-priced home is equal to 21 percent of median gross monthly income nationally. Currently, the monthly payment on a median-priced home is $400 less today than it was in 2006. ...