Older Homeowners expected to Increase
According to a recent MReport, the share of older homeowners is expected to increase. The report stated that by 2038, there will be roughly 17 million homeowners in their 80’s or older. According to Harvard’s Joint Center for Housing Studies, that is more than double than recorded in [...]
Increase in Remote Employment
According to a recent MyReport, remote employment is opening up opportunities in affordable markets. Redfin revealed that the ability to work remotely is encouraging Americans to relocate to more affordable regions. In December of last year, Redfin conducted a study to survey American residents who had moved to [...]
Apple Moving Forward With Funds To Help California
In November 2019, Apple announced that they were donating $2.5 billion to try and alleviate the affordability crisis in California. The fund was broken up in the following categories: $1 billion in an affordable housing investment fund, $1 billion in first-time homebuyer, mortgage assistance fund, $300 million in [...]
Growing Divide Between Homeowners
According to a recent MReport article, there is a growing divide between African Americans and white homeowners. The report discussed an Urban Institute study on the nation’s demographics in regards to homeownership. The study specifically focused on African American and white homeowners in the United States. According to the [...]
Home Competition Rising
MReport released an article discussing a recent study Redfin conducted about home competition. Redfin surveyed roughly 500 agents during the month of January and found that a majority of offers faced competition. According to the article, home inventory is at its lowest point in seven years. Home listings [...]
Homeowners are Current on their Home Payments
According to a recent MReport article, more homeowners are current on their home payments. The latest data from Black Knight stated that just 2 million homeowners are behind on their mortgage loans or are in some stage of foreclosure. This record breaking mortgage delinquency score of 3.2% is [...]