What I found interesting about this article is that the value of a foreclosed home can vary drastically from state to state, not just community by community. While this article is a study of foreclosures in Florida and Indiana post-2008 financial crisis, I’m curious how we can use these findings to predict future conditions in the midst of mass-foreclosures. The pandemic created a home buying frenzy at highly inflated prices. In the near future, we may see that many of these home buyers fail to keep up with their mortgages. This could create an environment ripe with opportunity.
2. Article #1: https://magazine.realtor/daily-news/2022/01/28/young-adults-move-back-home-in-record-numbers (Links to an external site.)
What I found interesting about this article is that Covid-19 although not directly not connected to real estate, it still has made a great impact on the markets. I think young adults staying with their parents is smart decision financially because they’re able to watch the house market to find the best buying season. It also is smarter not paying for high rent in cases where most jobs are stay at home. This is the best time to save money to buy up a house. There are also fluctuations in the market, so having money aside creates more preparation for getting a house.
What I found interesting about this article is the perception of women buying homes while being unmarried. In some ways our society has certainly grown, however in other ways it definitely has not. It is seen as frowned upon for a single women to buy a house while for a single man, it is no issue. I liked reading about Mascall buying her own house without worrying about having a partner yet. I hope more single women will follow in her footsteps.
What I found interesting about this article is that cryptocurrency is entering the market of real estate. Who knew! This is a new concept and only a handful of transaction have been done using cryptocurrency to purchase real estate. Since this type of currency is still volatile, once the transaction is completed, companies use an exchange to transfer cryptocurrency to US dollars. I really enjoyed the article but found it so bizarre as I do not quite understand cryptocurrency. It seems that investors in this currency have made billions and are snapping up very expensive properties using this currency to fund the purchase. Converting cryptocurrency to real estate is a smart move.
What I found interesting about this article is that depending on the specific market and demand for homes, the inflation rate differs. For instance, according to the article it showed that thanks to an increase in property sales in Atlanta, the inflation rate outpaced the popular and larger cities of New York and San Francisco due to the large influx of new migrants to the city which also push groceries and gas prices up including the housing prices.
What I found interesting about this article is that the percentage of young adults that have moved back home with their parents is the highest recorded since 1960. In today’s world, young adults are more independent than back then and tend to move out of their parent’s house as soon as they can. So to hear that so many people are moving back home is shocking. However, with the pandemic affecting the market and rising rent prices, it should have been expected. Many young adults simply can’t afford to live on their own so they are left with the only other option; to move back in with their parents.
