What is UP and the latest news in the US real estate market for February 2021? Check here for the always updated topics and full stories that real estate experts are talking about. See the latest information on real estate issues. What is happening in Real Estate during Pandemic? Where are Mortgage Rates? See the answers here and for more great stories see on Realtor.com: Real Estate News from Realtor.com
What's Up in Real Estate?
What is up with the future of housing in the US and other real estate industry news?
Top Headlines this Week from Real Estate News from Realtor.com
1. Pandemic Causing More People to Move
2. Home Buyers Have It Tough as Nation Faces Unprecedented Housing Shortage
3. First Time Home Buyers Find a Tough Market- Here's What's Different This Year
4. Mortgage Rates Dip—Here’s Why You Shouldn’t Bet on Interest Rates Going Much Lower
As an example of one of these top media articles this month, the Pandemic causing people to move from densely populated areas caught my eye. Arizona continues to be one of the fastest growing states in the US, not only because of the warmth and sunshine but now also because of the wide open spaces that are attracting home buyers tired of living in densely populated inner cities in high rise buildings.
As stated in the article by Jacob Passey in the Market Watch article dated 2/8/21 shown in the above link, "A growing number of Americans are moving because of the coronavirus pandemic — and increasingly that choice is being forced by financial pressure.
A new Pew Research Center survey found that 5% of U.S. adults reported they had moved temporarily or permanently because of the COVID-19 pandemic. The survey was conducted in the latter half of November.
That figure is up from 3% back in June. Some Americans were more likely to have moved as a result of the viral outbreak than others. More than one in 10 young adults between the ages of 18 and 29 have relocated to a new home amid the pandemic, more than any other age group. Additionally, lower-income households and people of color were more likely to have changed their address over the past year.
Pew’s latest survey indicated that financial strains are increasingly motivating Americans’ decisions about where they live. In the June survey, only 18% of people cited financial reasons, including job loss, as being the most important factor behind their choice to relocate.
At that time, most people were moving because the risk of catching COVID-19 was greater where they were originally living. The June survey also captured the high degree to which college students were being forced to relocate as campuses had closed in the spring."
Are you ready to move, think the Phoenix metro in Arizona.
Living in the Phoenix Metro Area including Scottsdale
Jeff Masich discusses living and buying a home in Phoenix metro area and Scottsdale
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To learn more about Scottsdale living or in the Phoenix metro area and to see homes for sale Scottsdale Homes For Sale or Arizona Homes For Sale.
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