Young Adult Homeownership on the Rise
According to a recent MReport, homeownership has risen for young adults but that could change due to the COVID-19 outbreak. The article highlights data collected in 2018 on young adults by the National Association of Homebuilders. The report states that for the first time in decades, adults between [...]
Do Homeowners Believe the U.S. is in a Recession?
According to a recent MReport, there was a survey distributed by Realtor.com asking homeowners if they believe that an economic downturn has arrived and if it will influence their thoughts on home buying. The survey found that 36% of potential buyers believe the U.S. has entered into a [...]
Trends on Co-Living
According to a recent MReport, rising housing costs have been encouraging working adults to consider communal living. Co-living appears to be a new housing trend for 2020. Similar to college dorms, co-living brings a group of people, typically strangers, to live together. Communal living includes private sleeping, and [...]
New-Home Sales Update
Roughly 765,000 new homes were purchased in February 2020, according to a recent MReport. This is 4.4% less than the homes that were sold in January, however it was still higher than February of 2019. The U.S. Census Bureau reported that the average new house sold last month [...]
Zillow’s “Temporary” Pause
According to a recent MReport, Zillow Group, Inc. announced that they will put a pause on home buying to protect employees during the COVID-19 outbreak. Rich Barton, the CEO and co-founder of Zillow stated, “Our top priority is ensuring the safety and health of our employees, customers, and [...]
Will COVID-19 Impact the Housing Market?
According to a recent MReport article, the U.S. Census Bureau reported that housing permits dropped 5.5% in the month of February. In addition, the report stated that housing starts fell 1.5% month-to-month. The U.S. Census reported that housing starts are still above where they were in February 2019. [...]