There's A Rush Of Builders Moving To Affordable Homes/Rentals
Channel: Noel Christopher
Date: 31/12/2020

Here are some thoughts on the housing market. There are so many narratives being pushed right now it is really hard to know what news "content" to believe or follow.

In the last few months, I have been watching the housing market play out, reading a lot of data, talking to a lot of industry experts and economists.

Our #housingmarket will be altered, but is it all bad?

1. Pre-COVID there was already a shift with people moving to more affordable areas. As a record number millennials hit family and homebuying age, they need more space and affordability. #Hipsturbia, my November 2019 Forbes article touched on this. Now, this is only being accelerated. It is already happening that young and old are deciding to leave the more urbanized areas.

2. Homebuilders are quickly pivoting to more affordable homes. See above. #SFR funds are partnering with #homebuilders to provide affordable homes and rentals.

3. #Homevalues, #foreclosures, #forbearance, oh my. Time will tell. I see that there is too much demand for anything but flat appreciation. There are outlier #bubblemarkets that are going to get hit. #Vacationhomes are in trouble but not the people in those markets that wouldn't mind seeing more #affordability.

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#singlefamilyrental #housing #realestate #noelchristopher