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Measuring the Impact of Remote Work on Housing Decisions

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Home / Daily Dose / Measuring the Impact of Remote Work on Housing Decisions Data Provider Black Knight to Acquire Top of Mind 2 days ago Gen-X George Ratiu Sr. HarrisX Millennials pandemic Realtor.com remote work 2021-05-12 Eric C. Peck Share 1Save The Best Markets For Residential Property Investors 2 days ago Measuring the Impact of Remote Work on Housing Decisions About Author: Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Previous: 3D Tours Boosting SFR Marketing Efforts Next: Sky’s the Limit for SFR Market  Tagged with: Gen-X George Ratiu Sr. HarrisX Millennials pandemic Realtor.com remote workcenter_img Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago 18 days ago 563 Views  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Realtor.com recently examined trends in homebuying during the pandemic, as more and more Americans were driven out of the office, thus forcing a rise in home sales nationwide. The survey was conducted among 3,998 adults by HarrisX.Nearly 60% of new homeowners who purchased within the last 12 months are working from home, and 62% prefer to be. Despite it being the clear preference, just 48% of that total have been told by their employer they can continue to work remotely. One in four of those surveyed still have no definitive answer on whether or not they can remain fully remote indefinitely, and another quarter already have plans to return.”Throughout the last year, we have seen homebuyers across the country, empowered by the new found ability to work remotely, moving farther and farther from crowded urban downtowns in search of more space, higher quality of life, and a lower cost of living,” said George Ratiu Sr., Economist for Realtor.com. “Our survey data shows that people are really enjoying their new communities and larger homes, and aren’t willing to give them up anytime soon. Looking forward, if companies return to more conservative policies on working from home, we could see an influx of new homeowners in the job market. For companies willing to stay more flexible with either hybrid or entirely remote opportunities, there is a large cohort of young professionals with growing families who value homeownership and affordability, and welcome the benefits of a technologically-enhanced employment landscape.”The report found that Gen Z homebuyers reported the largest share of remote workers, followed by millennials, and then Gen X. Regionally, the share of remote workers was highest in the Northeast and West, mirroring the concentration of technology and information services companies in coastal metro areas.Those surveyed this spring showed an even stronger shift toward remote work, with 62% of recent homebuyers indicating they favor it. Interestingly, the share of those who prefer remote work was the highest for Gen Z respondents, followed by millennials and Gen X.When asked what they will do if their employer decides they must return to the office, while 48% said they’d try to arrange a flexible schedule that allows for some in-office work and some remote work, nearly 25% claimed they would seek new employment. Just 30% of those asked said they would willingly return to the office if asked, and only 8% say they would sell their pandemic-purchased home in favor of one closer to work.The report also found that a greater share of recent homebuyers traded longer commutes in exchange for desirable homes and more affordable communities. Close to 40% of homebuyers reported one-way commute times from their new homes to workplaces that were over 30 minutes long. Forty-five percent of both Gen Z and millennial respondents said their one-way commutes were over 30 minutes. In comparison, only 29% of Gen Xers and 21% of Baby Boomers reported one-way commutes longer than 30 minutes. Regionally, buyers in the Northeast and West had larger shares of 30-minute or longer commutes, at 53% and 40%, respectively.Click here to read more about realtor.com’s “Remote Work Is Highly Valued by 2021 Homebuyers” report. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Hayes: Rethinking the Big Ten as nation’s ‘supreme’ college football conference

first_imgThe Badger Herald sports editor, Brice Schreter, recently published an article claiming the Big Ten has now overcome the SEC as our nation’s supreme college football conference.To put it plain and simple, I completely disagree. Quoting Schreter, “College football fans like to think that their conference is the best in the league,” which must make me the one who doesn’t.Which college football conference reigns supreme?College football fans like to think that their conference is the best in the league, but there can only be one Read…Rather than using 100 words from a Week 2 conference power rankings article as justification to hastily dethrone a conference that has been nothing short of absolute tyranny over the rest of the nation for more than a decade, let’s pump the brakes and take a look at which conference holds the edge in five of college football’s most prestigious determiners of success.1. National Title ContentionSchreter praises the current top four Big Ten teams in Wisconsin, Penn State, Michigan and Ohio State as “national contenders,” but there is one major flaw to this claim. National contenders have to actually contend for national titles, and do so consistently.When was the last time Wisconsin “contended for a national title?” Never. Penn State? More than 30 years ago. Michigan? Twenty years ago.Ohio State has been the Big Ten’s poster child of national contention as of late and the Buckeyes are the conference’s single outlier in the national contention category. Along with the SEC ACC, the Big Ten has sent one team to all three College Football Playoffs since its implementation in 2014.The Big Ten got off to a hot start with Ohio State stealing the title in 2014, but what has the conference done since? Limped off the field in embarrassing back-to-back shutouts courtesy of their SEC and ACC opponents. That’s right folks, its now been 975 days since the Big Ten has even scored — let alone “contended” — in a CFP game.Marissa Haegele/The Badger HeraldOn the other hand, in the last 11 seasons, 11 SEC teams have competed in the national title game and won eight of them, including a stretch of seven in a row. Even more telling, five separate SEC teams have won the national championship since 1998. The Big Ten, or should we just say Ohio State, has competed in four of these and won two during the same period.Advantage: SEC2. The NFL DraftThe SEC’s 21 players drafted in the first two rounds set the 2017 NFL Draft record for most players selected from one conference in the first two rounds — that’s calling an SEC player’s name more than every three times within the first 64 picks.Of those 21 players, 12 of which were taken in the first round, which tied the SEC’s own record for most first-round selections from a single conference.The SEC sent the most players to the 2017 NFL Draft overall (51) making 2017 the 11th consecutive year the conference has done so. The Big Ten produced 35 draft picks — more than half of which came from two of its 14 schools — this spring, placing them fourth behind the SEC, ACC and Pac-12.Advantage: SEC3. Current AP Poll RankingsThe SEC currently boasts more AP Top-25 ranked teams — six — than any other conference in the country. Meanwhile, the Big Ten came out of this Monday with four. The key here is where those teams rank as a collective conference.This is the one area where most might agree the Big Ten has a clear edge over the SEC. The six Top-25 SEC teams average No. 14.6 while the Big Ten’s four come out to No. 7.5.There’s also one more critical fact that should be noted about each conference’s current Top-25 teams. Four of the six SEC’s ranked teams have won national championships in the last nine seasons alone compared to the Big Ten’s one championship.The Top-25 never looks the same at the end of a season as it did at the beginning. Wisconsin fans should know this as well as anyone after last year’s journey from unranked to a Top-10 finish. If I were a betting man, my money would be on the conference that has four ranked teams that have proven they can go the distance compared to one.Sports section says: Are games against Notre Dame and UCLA worth adding to the schedule?Notre Dame and UCLA series games were recently added to Wisconsin’s football schedule. The sports editors discuss whether or not Read…But we can play the, “What have you done for me lately?” game here, too. While a higher average is great and perhaps a sign of superiority over another conference, let’s just say the season ended today and the current Top-4 teams were selected for the playoff.Who’s in? The SEC, Big 12, ACC, and the lowly Pac-12 are all contending. No. 5 Penn State, No. 7 Michigan, No. 8 Ohio State, and No. 10 Wisconsin are all out.Advantage: SEC4. Recruiting ClassThe SEC continues to pump out not only the quality standard of the No. 1 recruiting classes every year, but also the quantity standard. The SEC owns five of the Top-10 and seven of the Top-15 2017 college football recruiting class average ranking across 247, ESPN, Rivals and Scout.com.While Ohio State and Michigan both fell in the Top-5 at No. 2 and No. 4 respectively, the conference depth that the SEC relentlessly rolls out year after year is no match for the Big Ten’s other 10 non-premiere programs.Edge: SEC5. Heisman PedigreeWe’ll keep the fifth and final category as short and sweet as the SEC’s resounding advantage over the Big Ten has been of late. In the last eight seasons, the SEC has produced college football’s most outstanding player in Heisman winners four times. The Big ten has none — similar to the number of points they’ve scored in their last two playoff appearances.Edge: SECVerdictSEC: 5, Big Ten: 0As someone who grew up watching college football in the epicenter of SEC country and fanaticism, there was nothing I wanted more than to believe the SEC wasn’t really as good as it proved to be year after year after year.However, the reality of this situation is simply that the SEC is the true premiere, “supreme” reigning college football conference, and it has been for the past 15 years. Is 2017 appearing to be a relatively down year for the SEC and its meager six Top-25 as whole so far? That’s certainly open to debate.But until the Big Ten can consistently best the SEC in the majority of these categories, I’m simply not ready to call for the end of a 15-year dynasty after Week 2 of a single season.last_img read more

World Cup play-off draw:Ghana faces Egypt

first_imgThe Black Stars of Ghana will play the Pharaohs of Egypt in the just ended World Cup play-off draw held in Egypt on Monday Morning.The Black Stars will play home in the first leg of the two-leg tie on the weekend of 11-15 October, with the return match set for 15-19 November.The other four knockout fixtures also includes a couple of tough encounters, which will see Cameroon take on Tunisia.African champions Nigeria will take on surprise package Ethiopia, whereas Ivory Coast clash with Senegal.Finally, Algeria will be hoping to retain their place in the World Cup when they face Burkina Faso.IVORY COAST (HOME) VS SENEGAL (AWAY) ETHOPIA (HOME) VS NIGERIA (AWAY)TUNISIA ( HOME) vs CAMEROUN(AWAY)BURKINA(HOME) VS ALGERIA(AWAY)last_img