Retirees At Odds With Short-Term Rentals in Their Neighborhood
- Short-term rental properties are becoming more common as retirement-bound homeowners look to supplement their incomes.
- However, once they are ready to occupy the property full-time, they can discover that living close to other short-term rentals is not appealing due to higher traffic and living next to people that they don’t know.
- From 2015 to 2020, housing units rented on short-term sites such as Airbnb surged from 450,000 to 1 million, says, AirDNA, an analyst firm for the short-term rental industry.
U.S. Mortgage Loans in Forbearance Declines
- The share of loans in forbearance has declined for three weeks in a row, with portfolio and PLS loans decreasing the most this week.
- “This decline was due to a sharp increase in borrower exits, particularly for IMB servicers,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist.
- Requests for new forbearances dropped to 6 basis points, matching a survey low.
9 Million People Relocated in the U.S. Since the Pandemic Began Last March
- According to the National Association of Realtors, 1 in 3 adults substituted some or all of their typical in-person work for telework compared to 1 in 20 adults that worked remotely before the pandemic.
- With teleworking at record-high-levels some individuals and families are seeking bigger houses with yards for their kids and office space for them to work.
- Others seek more affordable homes in less dense places away from large city centers since they can telework.
- Even with successful vaccine prescriptions, experts do not predict that we’ll return to our pre-pandemic sense of normal until late 2021.
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