Here’s a quick digest of what happened in U.S. real estate last month:
+ The national median home price rose 11% since last year — the largest annual increase in over 6 years.
+ COVID-19 has caused lumber prices to skyrocket more than 160%. Home buyers can expect to add about $16,000 to the price of a new house.
+ The share of mortgages in forbearance decreases to 3.4 million homeowners — a drop of 6 basis points.
+ With 84% of parents considering a home education model for their kids, back to school is affecting home buying decisions.
+ Think an empty nest is looming? Think again. 52% of young Americans ages 18 to 29 are now living with at least one of their parents.
+ When COVID-19 changes education plans, here’s how to set up a homeschool space anywhere.
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