Data

Analysis of the report says millennials are taking advantage or near-record low rates and lenders are quickly adapting to a digital world.

Homes in the highest price range are “particularly sensitive” to economic uncertainty. Click through to read more.

Also coming in The Week Ahead are reports on initial jobless claims and exclusive interview with Rob Dietz, Chief Economist, NAHB, on DS5: Inside the Industry.

Commentary on the report said housing is the one sector to report a true V-shaped recovery, but longer-term forecasts will be dependent on healthy labor market.

One economist said while the demographic is aging they are entering their prime homebuying years, despite the challenges presented from COVID-19.

A new report focuses on which cities have the highest share of homeowners with the most paid-off houses.

A trio of southern markets were found to be the most “house poor” cities in the nation.

Increased demand from buyers and low mortgages rates are among the reasons for the growing price tags.

A trio of Midwest cities led the nation with the smallest share of Black families owning their properties outright.

Despite the reported growth, some of the nation’s largest markets are lagging behind in price growth.