4 ms·
I find figure 7 very interesting, "Share of newly mortgaged homes by property type". I seems like a very large shift in what types of homes that are mortgaged (
by adamwi 10y ago
I find figure 7 very interesting, "Share of newly mortgaged homes by property type". I seems like a very large shift in what types of homes that are mortgaged (e.g. condos going from ~19% to ~43%).
Anyone with deeper insight in this trend? As an outsider European I was not aware of such a strong urbanization trend in the US, or are there other mechanisms in play as well?
- r00fus 10y agoCould be affordability, as single-family homes become unaffordable in many markets.
- throwawaylalala 10y agoIm curious if it's because of who builds these condos and perhaps theres a management revenue fee to collect as well....
- jghn 10y agoOne thought is that there's been a recent trend for folks moving back into urban areas.