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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

Antique ‘Bahay Silangan’ to operate this month

first_imgLieutenant Colonel Norby Escobar, Deputy Director for Operations of the Antique Police Provincial Office, said the operation of the “Bahay Silangan” or rehabilitation center for “drug offenders” in the province will begin this month. PNA/ANNABEL CONSUELO PETINGLAY Escobarsaid other local government units of the province can enter a Memorandum ofAgreement with Hamtic town – where the rehabilitation center is located – toaccommodate “pusher-surrenderers” for a month-long rehabilitation. “ThisFebruary, before the month ends, there will be a blessing and inauguration ofthe Balay Silangan,” Escobar said.      Theprovince has around 200 “targeted pushers” who will undergo the in-houserehabilitation, according to Escobar. Thesaid number of “pushers” composes the 20 percent of the 1,849 drugpersonalities in the province who surrendered to the police since last year. Theold reformation center, located at the old building of the Department of Education(DepEd) and fronting the municipal plaza, is now undergoing repair.  center_img Theywill be formed into batches for close supervision. SAN JOSE, Antique – Lieutenant ColonelNorby Escobar, Deputy Director for Operations of the Antique Police ProvincialOffice, said the operation ofthe “Bahay Silangan” or rehabilitation center for “drug offenders” in theprovince will begin this month. The “Bahay Silangan” is requirement for the province to be declared free from illegal drugs.(With a report from PNA/PN) “Most of the drug personalities are only drug users who undergo the Community Based Rehabilitation Program,” Escobar said.last_img read more

DraftKings Week 16 Monday Night Showdown: Picks, advice for Vikings vs. Packers NFL DFS

first_imgMORE MNF: Alexander MattisonDraftKings Showdown Picks: Vikings vs. PackersCAPTAIN (1.5x points, 1.5x price): WR Adam Thielen, Vikings ($12,900)Thielen is the lowest priced of any of what you would call this game’s “studs.” It makes sense – he’s just a week removed from returning from his hamstring injury, and he had only three catches in that return. But this is an uber-talented receiver who, if he has a game like many he had last year or even early this season, could return huge value.FLEX: RB Aaron Jones, Packers ($10,800)You could choose to fade Green Bay’s running game against the Vikings’ front seven in this one, but Jones too consistently gets touches and picks up chunk yardage to avoid him. The other route you could take, if you so chose, is to find a way to fit in Davante Adams or Kirk Cousins instead. Jones balances our lineup a bit more so we touch on the game’s different facets.FLEX: QB Aaron Rodgers, Packers ($10,400)Rodgers underwhelms from a statistical perspective more often than not these days. But he’s still Rodgers, and by playing him with Jones we hopefully get a part in every Green Bay touchdown.FLEX: RB Mike Boone, Vikings ($9,000)If Alexander Mattison is a surprise active, he might be the play in this spot. But Mattison should be out, which would leave Boone to get 15-plus carries against a weak Green Bay run defense, and there could be some people who stay away from Boone as mostly unproven.FLEX: TE Jimmy Graham, Packers ($3,200) Vikings vs. Packers is the final Monday Night Football game of the season, so it’s the final time you can close out your week with our DraftKings Showdown advice after your Sunday picks potentially went poorly. RB injuries for Minnesota create some uncertainty in a game where otherwise we’d like to think we know how the players will perform. A lot of veterans often leads to unexciting NFL DFS advice.Our attempt here is to snag a slightly underpriced Adam Thielen as our captain. That leaves room to get both Aaron Rodgers and Aaron Jones, while also jumping on the Mike Boone bandwagon while there’s still space. This is mostly a touchdown-dependent play, but we know Rodgers will look Graham’s way in the end zone, so it’s a better bet than any of the other Green Bay TEs.FLEX: TE Irv Smith Jr., Vikings ($3,000)Smith is on the field a lot for a player who doesn’t rack up a ton of catches. But he’s an athletic rookie who will make plays if given the chance, and he’s got more chance of breaking a long one than you’d normally think for a guy with the TE designation.last_img read more