Greenway's Markets in a Minute I What's the trend with multi-generational housing?
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The Fed reported this week that the economic recovery continued at a modest pace over the first weeks of this year. Most businesses remain optimistic about the next 6-12 months. |
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Many investors are concerned that increased spending resulting from President Biden's stimulus measure, if passed, will lead to greater inflation and might pressure rates higher. |
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Jobless claims rose slightly last week to 745,000, just below estimates of 750,000. The increase underscores the pandemic's lingering effect on labor market recovery. |
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A new report from the CFPB finds over 11 million families at risk of losing housing and warns of possible widespread evictions once protections end, as 8.8 million families are behind on rent. |
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The same CFPB report shows 2.1 million families are behind at least 3 months on mortgage payments and that homeowners owe almost $90 billion in missed payments. |
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Since the pandemic started, the number of home shoppers buying a multi-generational home has risen to 15%, the highest level since NAR started collecting the data in 2012. |
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