Real Estate News Brief: Economic Turmoil, Warren Buffett Optimism, Mortgage Uptick

Published: May 11, 2020, 4:49 a.m.

In this Real Estate News Brief for the week ending May 9th, 2020… an economy in turmoil, words of encouragement from Warren Buffett, and a pick-up in mortgage activity.
 
We begin with economic news from this past week and another round of job losses. The latest weekly report shows an additional 3.2 million unemployment claims for a total of more than 20 million jobs lost in April. That’s brings us to about 33 million jobs lost since the pandemic began.