Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

40% Of Professionals Have Considered Buying A House

By Jacob Wolinsky. Originally published at ValueWalk.

housing

40% Of Professionals Have Considered Buying A House Since The Start Of The Pandemic


Q4 2020 hedge fund letters, conferences and more

Home prices in 20 U.S. cities are climbing fast due to low-interest rates and lack of inventory.

Professionals Have Considered Buying A House Since The Pandemic Started

According to data gathered by Blind, the largest anonymous professional network, 40% of professionals have considered buying a house since the start of the pandemic. Another 21% say they have already purchased a home during the pandemic.

The anonymous app ran these three questions from 2/24 – 2/25/21 and gathered responses from nearly 2,000 professionals:

  1. Have you considered buying a house since the start of the pandemic?
  2. What motivated you/ is motivating you to buy a house?
  3. Are the new housing (past six months) prices/mortgage rates affordable to you?

While 39% of survey respondents say the low-interest rates are what is motivating/ motivated them to buy a home, another 31% say they are fleeing small apartments in busy cities. One respondent shared they purchased a home because they had a baby, a different user shared they were “leaving the Bay area for another state.” Another user shared that “Remote work has enabled me to move down south.”

And while most users on Blind work in tech and have tech salaries, 42% of respondents shared that the new housing (past six months) prices/mortgage rates ARE NOT affordable. 

housing

housing

housing

Access some of the data here.

Professionals Share Their Exprience With House Bids

A Blind user at Microsoft shared, “I keep losing on house bids even when escalating the list price by 60-70k .. are people going nuts. Lost a bid again for a house in Lynnwood as I post this, seriously getting frustrated.”

A Blind user at Facebook shared, “ Just bid on a house. Beautiful, but far away if you need to commute. List as 1.25, slightly higher than its neighborhood, but sold at about 1.6. This is insane how people can afford it. For first-time home buyers, it sucks. Will the government control the price? Even the stock market will halt if the price goes ridiculous.”

San Jose, Honolulu, and San Francisco remain the least affordable cities in the U.S, and professionals on Blind are actively discussing the housing markets in these areas.

The post 40% Of Professionals Have Considered Buying A House appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!