In this weeks real estate news: Are Americans leaving cities in the wake of COVID-19? Mortgage rates hit an historic all-time low, thus driving many buyers out of cities and into suburbs (again). Foreign home buyers dry up, opening the path for domestic buyers. And July 11-12 COVID numbers are the highest yet. This and more below the fold.

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💥Featured Post

• De-Urbanization: Are Americans Fleeing Cities in the Wake of COVID-19?
  • As a city dweller myself, I’m all too familiar with the challenges of urban living during the coronavirus pandemic. My family shares a small apartment with no outdoor space – and it certainly got harder to stay cooped up in it as the weeks and months of social…

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🎧 Latest Podcasts

• BiggerPockets Podcast 390: 7 Figures from ONE Deal with Leka Devatha

  • From fashion design work in India, to a corporate career with Nordstrom… to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet! Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for findingand

📖 Latest Blog Posts

From Calculated Risk’s Most recent posts

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• “Cargo Declines at Port of Long Beach in June”
  • by Calculated Risk on 7/13/2020 11:05:00 AM
• Six High Frequency Indicators for a Recovery
  • by Calculated Risk on 7/13/2020 08:13:00 AM
• Sunday Night Futures
  • by Calculated Risk on 7/12/2020 06:39:00 PM
• July 12 COVID-19 Test Results
  • by Calculated Risk on 7/12/2020 05:10:00 PM
• July 11 COVID-19 Test Results; Highest Percent Positive Since Early May
  • by Calculated Risk on 7/11/2020 05:33:00 PM

From Realtor.com’s Latest News

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• Mortgage Rates Hit a Historic Low, and Other Economic Updates
• A Home Price Slump Is Coming. These Markets Will Be Hit Hardest.
  • Despite relatively steady home price appreciation in May, the U.S. housing market is on the precipice of an extended price slump, according to a CoreLogic report released Tuesday.
• President Trump Considers Ending Housing Regulation That Advocates Say Was Created to Combat Racial Segregation
  • President Donald Trump says he is “studying” a housing regulation that was meant to fulfill requirements of the Fair Housing Act, which was signed into law by President Lyndon B. Johnson in 1968.
• Foreign Home Buying Dries Up, Easing the Way for Domestic Buyers
  • Foreign purchasers, a tiny percentage of overall buyers, have had an exaggerated influence in coastal cities like New York, Miami and the Los Angeles area.

From Spark Rental’s Latest Blog Posts

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• Do You Have to Put a Down Payment on a House? Down Payment Hacks
  • For homebuyers and real estate investors alike, coming up with a down payment presents the greatest barrier to buying. But do you have to put a down payment on a house when you buy? Are there creative workarounds that homebuyers and real estate investors can take…
• De-Urbanization: Are Americans Fleeing Cities in the Wake of COVID-19?
  • As a city dweller myself, I’m all too familiar with the challenges of urban living during the coronavirus pandemic. My family shares a small apartment with no outdoor space – and it certainly got harder to stay cooped up in it as the weeks and months of social…
• How to Convert Your Airbnb into a Long-Term Rental Property
  • Even as the economy slowly reopens and people adjust to a “new normal,” the future of the home-sharing market remains uncertain. Vacation rental companies such as VRBO and Airbnb saw a collapse in demand and revenue due to travel restrictions and the economic fallout…
• How Long Does Each Part of Your Rental Property Last? (Infographic)
  • Ever had a tenant fly into a rage because their refrigerator went out, ruining all of their food? Landlords know what a big deal it is when things break at their properties. Sometimes it’s something small like a window AC unit, but sometimes it’s something major like…

From Bigger Pockets’ Top Popular Posts

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• 4 Massive Financial Scams Sold to Americans on an Everyday Basis
  • By Sterling White
• The Gender & Racial Wealth Gaps Are Real—Here’s How We Do Something About It
  • By Philip Michael
• The BRRRR Origin Story: How I Discovered This Amazing—No Money—Real Estate Strategy
  • By Brandon Turner

From PM Insider’s Latest Posts

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• Resident Engagement: Apartment Communities Get Creative During COVID-19
• Keeping Construction and Renovation Costs on Budget
• Should Your Rental Screening Criteria Change Due to COVID-19?
• PropertyPhotos: The Ultimate Multifamily Virtual Content Experience

🤓 From Reddit

From Reddits /r/RealEstate Subreddit

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• PSA on Wire Fraud
  • current score on reddit: 577
• Anyone else find it kind of crazy you only get about 15mins to view a home in this market, and then have to give an offer pretty much the same day? I’m only dropping $500K on a home Lol
  • current score on reddit: 360
• After the pandemic, if remote work will be more mainstream, the need to live close to work will no longer be as desirable. Will this causing inflated home prices in major tech metro areas to deflate? [DC]
  • current score on reddit: 349