World News: The Daily Money: A double-dip recession?

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Wednesday, July 1

We've made it to Hump Day, Daily Money readers. As the number of new coronavirus cases rises in the U.S., Americans are trying to shape their lives around the crises, from finding new ways to vacation to dealing with a crazy real estate market.

It's David. Let's take a look at today's must-read stories:

Tough market for homes: Lower mortgage rates provide relief for potential homebuyers, but there's a catch: There aren't enough houses on the market to keep up with demand. So potential buyers are facing an affordability crunch.

On the road, in isolation: While many Americans are canceling travel plans entirely, others with cabin fever are renting RVs in unprecedented numbers this summer.

What's happening with jobs? The economy is recouping millions of lost jobs even as hundreds of thousands of Americans continue to be laid off amid the coronavirus pandemic. Two key reports that will tell the story of America's labor market come out Thursday.

For more money and tech news, keep scrolling.

David Brinkerhoff, Deputy Money Editor

Having an offer accepted is only piece of the home-buying process.

Good luck finding a home you can afford in this COVID housing market

Lower mortgage rates provide relief for potential homebuyers, but there's a catch: there aren't enough houses on the market to keep up with demand. So potential buyers are facing an affordability crunch.