“When remote work is coupled with the reported rise in the importance of affordability, it's not surprising that respondents expressed a greater willingness to live farther from their current location,” noted a Fannie Mae report. “Of course, renters indicated the greatest affordability concerns, as well as a willingness to consider areas farther away from their current location.”
Read More »New Market High: Home Values Rose in 68 of Top 100 Cities
“Tons of homeowners scored an incredible deal during the pandemic: a 3% mortgage rate for the remainder of their 30-year loan … this means buyers who are in the market now are duking it out for a very small pool of homes, preventing home values from plunging,” said Redfin Economics Research Lead Chen Zhao.
Read More »Persistence of Remote Work Continues to Fuel Migration
Apartment List surveyed nearly 6,000 adults in December 2022 and overall found that those with a remote job were far more likely to migrate and move into a new home than those with a traditional job.
Read More »Home Prices Rapidly Cooling in Former Booming Markets
Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.
Read More »As the Pandemic Wanes, Remote Work Will Remain Popular
According to Arch Mortgage Insurance Company (Arch MI), a Greensboro, North Carolina based company offering risk management and financial products to mortgage lenders, 2022 was nothing short of ...
Read More »Big Tech Cities Dominate January’s Top Rental Markets
The U.S. median rental price surged nearly 20% in January, outpacing monthly starter homeownership costs in a majority of large metro markets.
Read More »What a More Remote Future Means for the Market
In a future less tethered by the job/housing link there is a strong possibility that neighborhood amenities could play a larger role in housing choices beyond simply “cities vs. suburbs."
Read More »How Americans Are Converting Home Spaces Into Workspaces
Working remotely is becoming mainstream, but who is most likely to have a dedicated office space in their home? And how do remote-working homeowners compare to renters?
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