Forward of the Fourth of July weekend, the U.S. lodge occupancy price has continued to creep upward and is now at 46%, in response to information from international hospitality analysis firm STR. Norfolk/Virginia Seashore, Va., was the one journey market to surpass a 60% occupancy degree. Locations like Boston, Orlando, Florida and Oahu Island, Hawaii, noticed among the lowest occupancy charges this week amongst STR’s high 25 journey markets.
Mortgage purposes for purchasing a single-family residence are 15% increased than the identical week final 12 months, in response to information from the Mortgage Bankers Affiliation. Nonetheless, they did decline barely from final week regardless of mortgage charges hitting a file low. “Buyers are considering the dangers of the current resurgence of COVID-19 circumstances to the labor market and financial system,’ stated Joel Kan, MBA’s associative vice chairman of financial and business forecasting, in an announcement.