HAYLEN’s Pick of Real Estate News – June 2022

What has happened this month in the real estate industry? What happened this month that may impact your real estate decisions? Please see below the news and articles that we picked out for you this month:

1. Realtors® Had Billions In PPP Loans Forgiven As Housing Market Boomed
2. Phoenix-area company uses foam to build houses as material costs rise
3. Oakland limits rent increases to 3% for rent-controlled apartments
4. Rising mortgage rates are ‘a rude awakening’ for homebuyers: Economist
5. Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA
6. Inflation hits 40-year high as CPI rises 8.6% in May
7. Are Bay Area sellers finally cutting prices? Here are some signs that

HAYLEN Group also has a monthly housing market update, where we gather the most recent housing market data and real estate news to keep you updated with the market, check it out here.