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In this Real Estate News Brief for the week ending August 21st, 2021... we’ll look at second quarter home prices, a big surge in rents for single-family homes, and a softening demand for vacation homes. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week. The Fed released the minutes of its last big meeting in July and acknowledged what many economists have been saying, that the current surge in U.S. inflation could continue into next year. That’s mostly due to a shortage of labor and materials as the nation deals with the latest wave of the pandemic. MarketWatch reports that the Fed’s July summary mentioned the delta variant six times after not one mention of the virus in June. The Fed previously said that high prices might last a little longer, but in this summary, Fed officials also acknowledged that the “spread of the delta variant may temporarily delay the full reope