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In this Real Estate News Brief for the week ending July 11th, 2020... new record-low  mortgage rates, where rents are rising, and what to expect from home prices.

 

We begin with economic news for the past week, and some progress on getting back to work. The Labor Department reported that initial jobless claims hit a seasonally-adjusted four-month low of 1.31 million. That’s down from 1.41 million the week before last. Those figures don’t include benefits handed out through a temporary federal-relief program or state programs. If you include those figures, the total number of people receiving benefits is more like 31.5 million.