The North East dominates this year’s

THE NORTH EAST DOMINATES THIS YEAR’S HOTTEST HOUSING MARKET IN THE US, DESPITE THE CORONA VIRUS PANDEMIC

The 2020 housing market increase, 39% less than the metro has been hot with activities area and 13% below the national in different regions of the median. country. The housing market fared differently throughout the Meanwhile, other hottest ZIP year, with most showing signs of codes, according to Realtor.com, strength and quick bounce-back include 43068 in Reynoldsburg, from the impacts of the pandemic. Ohio; 14617 in Rochester, However, the Northeast region New York; 02176 in Melrose, claimed most of this year’s top 10 Massachusetts; 04106 in South hottest real estate markets in the Portland, Maine; 66614 in country, according to an annual Topeka, Kansas; 03051 in Hudson, ranking by Realtor.com published New Hampshire.; 01602 in in August. The Realtor.com ranking Worcester, Massachusetts; 22152 is based on the time taken to sell in Springfield, Virginia; and 27604 properties and the frequency of in Raleigh, North Carolina. On viewing homes between April average, houses in these ZIP codes 1 and June 20, 2020, in every of sell in 18 days. This is 51 days the 20,000 ZIP codes analyzed by faster than the national rate and realtor.com. 27 days faster than their respective Regarding this, the hottest housing On the other hand, visitors view market countrywide was ZIP these markets on Realtor.com 4.3 code 80911 of Colorado Springs, more times on average than the Colorado. Here, homes spent an rest of the country and 2.2 times average of 13 days on the market, more than their respective metros. which is 20 days less than the metros, according to Realtor.com. Colorado Springs metro area and Elsewhere, the report revealed 58 days less than the national a distinguishable divergence median. The median listing price between the East and West coasts, in this ZIP code is $287,000, where the hottest markets share representing a 6.5% year-over-year some consistent factors such as easy access to outdoor space and downtown amenities, relative affordability with a stable local economy, and a massive number of millennial homebuyers.

MILLENNIAL HOMEBUYERS.

“As the largest generation in U.S. history continues to advance toward life milestones—settling down, marriage, parenthood —the need for space and affordable housing outshines the bright lights in expensive urban areas like New York or Los Angeles,” realtor. com chief economist Danielle Hale, said in the report.

The report showed that in the top hottest ZIP codes highlighted above, millennials made up 53% on average of homeownership and 38% of mortgage originations.

“While we’ve seen millennials moving in this direction for a few years now, all the extra time at home spent trying to work, learn, and play in response to the pandemic has heightened these preferences, and put the trend toward extra space and affordability on fast-forward,” Ms. Hale added.

Work cited.

https://www.mansionglobal.com/articles/ northeast-dominates-this-years-hottesthousing-markets-in-u-s-218519.

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THIS VETERAN HAS EXPERIENCED ENOUGH.

HE SHOULDN’T HAVE TO FIGHT HOUSING DISCRIMINATION BECAUSE OF HIS DISABILITY.

Sergio lost his leg and his hearing while serving our country overseas. Now back home, he was ready to start a new chapter in his life. But when he found the perfect apartment, the landlord refused to make a reasonable accommodation to allow his service dog in a “no pets” building. Then Sergio learned that the Fair Housing Act protects people with disabilities. He contacted HUD and fi led a complaint. Today, Sergio is feeling right at home.

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