Real Estate News Brief: Bidding Wars, Mortgage Rates, & Tenant Finances

In this Real Estate News Brief for the week ending June 20th, 2020… competition heats up among home buyers, mortgage rates hit a new low, and what tenants are doing to manage their finances.   We begin with economic news from this past week, and testimony from Fed Chief Jerome Powell on the state of the economy. He told members of Congress that some economic data points to a "modest rebound" right now, but he also warned of significant uncertainty about how the recovery may take place. The nation is still at the mercy of COVID-19 as cases rise in some states and new safety measures are put in place. Several states and cities have ordered that masks are worn in public, including California.   www.NewsForInvestors.com