A Dozen Mid-Sized Markets to Watch in 2020
As summer turns to fall in a year that has been anything but normal, the nation’s most in-demand housing markets are not the usual suspects.
Affordability
Renter Households Stand to be Hardest-Hit by Unemployment Insurance Expiration
Renter households will be hardest hit by expiring unemployment insurance while Black households likely to shoulder disproportionate burden
LGBT Home Buyers May Be Priced Out of Areas With Legal Protections From Discrimination
The typical cost of buying a home in areas with explicit legal protections for the LGBT community is $328,575, ~63% more than areas with no protections.
Almost 3 Million Adults Moved Back Home in Wake of Coronavirus
There were 32 million adults living with their parents or grandparents in April, the highest number on record.
Newly Unemployed Service Workers Owe More Than $1.7 Billion in Monthly Housing Payments
More than 25% of the total housing payments due from U.S. food service workers is owed by those who are newly unemployed during the coronavirus pandemic.
More Than 8 Million U.S. Workers Live in Cities, But Don’t Work There
Asking if work-from-home will push migration to the suburbs ignores millions of workers living in cities not because of proximity to work, but despite it.
Coronavirus Layoffs Have Bigger Impacts on Housing Security for Black, Latinx and Asian Households
The most devastating economic and public health outcomes of the coronavirus outbreak have fallen along socioeconomic and increasingly racial lines.
Why The Most Favorable Markets for Tech Expansion Aren’t Where You Might Think
Widely recognized tech hubs like San Francisco and Seattle are not the obvious spots for tech companies to expand and/or for new startups to set up shop.
Bold Predictions for 2020: Shrinking Homes and a More Stable Market
We expect a slower market than we’ve become accustomed to the last few years. But don’t mistake this for a buyer-friendly environment.
Sacrifices People Make to Afford the Rent
The U.S. median rent now consumes 27.8% of the country’s median income – nearing the 30% tipping point above which rent is considered unaffordable and the 32% tipping point above which communities can expect a more rapid increase in homelessness. What that looks like at the individual renter level is sacrifice.
