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How Remote Workers Could Eventually Disrupt Housing Market
Monday, March 15, 2021
A study by ApartmentList has
identified a new category of workers, arising, at least in part, out of the pandemic.
Lynn Pollack, writing in GlobeSt, says this "untethered class" hold
remote types of jobs and have little reason to stay put. They have a median age of 32 and are "on the precipice of settling down." They
are currently renting, living alone or with a similarly untethered partner, have
no school-aged children and are likely to live in a state other than where they
were born. ApartmentList suggests that there may be 8.7 million untethered
workers, constituting 5.6 percent of the American workforce. The highest share, 13.5 percent, live in San
Francisco, followed by San Jose and other high housing cost cities like Los
Angeles, New York, Seattle, and Boston.
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