Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Real Estate

RealPage: The size of the average U.S. household is growing

This is a first in nearly two centuries

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says.

It’s not just the kids or Millennials, either. Households are growing and becoming multi-generational.

Over the last century-and-a-half, household sizes have actually been shrinking, according to the data from the Census Bureau. But that trend reversed recently.

In 2010, the average number of habitants in a house was 2.58, but in 2018, it was 2.63.

According to the Census Bureau, the population within a household has grown 6% since 2010 and household formation has grown 4%.

About 20% of households today are a multi-generation home, up from 12% of households in 1980. During the previous economic downturn, many households most likely added or retained an extra adult, RealPage said.

These extra adults are often a parent or child of the primary occupant or a roommate or boarder who cuts down on the cost of living. This makes up 20% of households in 2019, up from 17% in 2007.

Despite these numbers, RealPage says that single-occupant apartment households still outnumber multi-occupant units.

Of those multi-occupant apartment households, RealPage found that roommates by necessity, young couples/roommates by choice, families, and established married couples are the four commonalities.

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3d rendering of a row of luxury townhouses along a street

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