How Will COVID-19 Affect Home Prices and Affordability?

COVID-19 has already had a dramatic effect on the real estate market. In barely more than a month, the crisis has halted what was shaping up to be one of the most active spring sales seasons in history. These past weeks, we’ve seen home showings come down 18% relative to last year, weekly volume of new listings drop 49% year-over-year, and mortgage forbearances jump to 6% of all mortgages outstanding. Many of us are now anxiously wondering: what effect will this have on home prices?  Data from the housing market has given us  valuable clues since the onset of the … Continue reading How Will COVID-19 Affect Home Prices and Affordability?

Millennial Homeownership Report: Millennials Can’t Afford Down Payments

As millennials are about to surpass the Baby Boomers as America’s largest generation, their impact on the American housing market is becoming more significant. To find out exactly how they are changing the market, researchers at Apartment List asked 6,400 … Continue reading Millennial Homeownership Report: Millennials Can’t Afford Down Payments