The work-from-home boom that began in the pandemic has exacerbated the housing market's tight inventory issues, and it's keep affordability low for buyers.
For example, in New York City, the average household fits about 2.5 people per 1,000 square feed, per a Tuesday Axios report. That pushed home demand higher as Americans sought out more space for home offices, putting additional stress on the housing market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Difficult housing market prompting people to move from California to TexasThe study, by StorageCafe, says that in 2021 alone, 111,000 people moved from the Golden State to the Lone Star State
Source: SpectrumNews1TX - 🏆 333. / 59 Read more »
Miami tops NYC as least affordable housing market after pandemic boomNortheasterners flocked to Florida to reduce their spend on rent and dish out less in taxes. The influx has since caused increased mortgage rates that are eroding the state’s all-alluring aff…
Source: nypost - 🏆 91. / 67 Read more »
Homebuilders are liking today’s housing marketThe newfound enthusiasm reflects that robust foot traffic from homebuyers, little competition from the resale side, and an improved supply chain have together helped tip the housing market in builders' favor.
Source: YahooNews - 🏆 380. / 59 Read more »
Canada's housing market may not be as risky as the IMF thinksStatements about Canada’s heightened housing market risk have alarmed consumers, investors, lenders and policymakers. Read on.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »
California's housing market gets a lifelineThe Fed's decision to pause its rate-hiking program could help unlock more homes for sale in California, a market which is struggling with supply.
Source: Newsweek - 🏆 468. / 52 Read more »
Housing market isn't recovering yet, and home sales will hit new lowThe housing market isn't recovering and will send home sales to a new low as mortgage rates stay elevated, Pantheon Macroeconomics says
Source: BusinessInsider - 🏆 729. / 51 Read more »