Housing demand is about to weaken. Heres why – CNN

https://www.cnn.com/2021/06/29/perspectives/housing-market-pandemic-economy/index.html


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Will cities survive?”,”duration”:”04:47″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/08/31/work-from-home-remote-permanent-city-exodus-orig.cnn-business/index.xml”,”videoId”:”business/2020/08/31/work-from-home-remote-permanent-city-exodus-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200319161436-working-from-home-stock-large-169.jpg”,”videoUrl”:”/videos/business/2020/08/31/work-from-home-remote-permanent-city-exodus-orig.cnn-business/video/playlists/business-real-estate/”,”description”:”As the list of companies offering flexible work schedules grows, the businesses and infrastructure that supported office workers in major cities could crumble.”,”descriptionText”:”As the list of companies offering flexible work schedules grows, the businesses and infrastructure that supported office workers in major cities could crumble.”},{“title”:”Compass CEO: I’m firmly betting on NYC real estate”,”duration”:”02:35″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/08/26/robert-reffkin-bullish-on-nyc-real-estate.cnn-business/index.xml”,”videoId”:”business/2020/08/26/robert-reffkin-bullish-on-nyc-real-estate.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200826124114-20200826-markets-now-04-large-169.jpg”,”videoUrl”:”/videos/business/2020/08/26/robert-reffkin-bullish-on-nyc-real-estate.cnn-business/video/playlists/business-real-estate/”,”description”:”Robert Reffkin, founder and CEO of Compass, is still bullish on New York City real estate despite the economic setbacks caused by the pandemic. Here’s why he thinks the future is bright for the Big Apple.”,”descriptionText”:”Robert Reffkin, founder and CEO of Compass, is still bullish on New York City real estate despite the economic setbacks caused by the pandemic. Here’s why he thinks the future is bright for the Big Apple.”},{“title”:”See how this company turns garages into affordable housing”,”duration”:”03:17″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/08/25/garage-homes-la-gr-orig.cnn/index.xml”,”videoId”:”business/2020/08/25/garage-homes-la-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200824212623-a-old-garage-becomse-a-new-apartment-large-169.jpg”,”videoUrl”:”/videos/business/2020/08/25/garage-homes-la-gr-orig.cnn/video/playlists/business-real-estate/”,”description”:”United Dwelling is converting garages to income-generating apartments in California. See how it happens.”,”descriptionText”:”United Dwelling is converting garages to income-generating apartments in California. See how it happens.”},{“title”:”Mortgage rates are at historic lows. Should you refinance? “,”duration”:”01:39″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/29/mortgage-rates-romans-gr-orig.cnn/index.xml”,”videoId”:”business/2020/07/29/mortgage-rates-romans-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200729090654-typical-suburban-neighborhood-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/29/mortgage-rates-romans-gr-orig.cnn/video/playlists/business-real-estate/”,”description”:”Mortgage rates have dropped to historic lows and could fall even more. But if you’re thinking about a re-fi, it’s not just about the interest rate. CNN Business’ Christine Romans explains what else you should consider.”,”descriptionText”:”Mortgage rates have dropped to historic lows and could fall even more. But if you’re thinking about a re-fi, it’s not just about the interest rate. CNN Business’ Christine Romans explains what else you should consider.”},{“title”:”She’s out of work and facing eviction. She’s not alone”,”duration”:”03:45″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/economy/2020/08/07/eviction-crisis-pandemic-renters-orig-vf.cnn/index.xml”,”videoId”:”economy/2020/08/07/eviction-crisis-pandemic-renters-orig-vf.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200807115252-eviction-crisis-pandemic-renters-orig-vf-00002113-large-169.jpg”,”videoUrl”:”/videos/economy/2020/08/07/eviction-crisis-pandemic-renters-orig-vf.cnn/video/playlists/business-real-estate/”,”description”:”Up to 40 million renters are at risk of losing their home by the end of 2020. It’s a crisis that’s disproportionately affecting Black and Latinx renters, and mothers. “,”descriptionText”:”Up to 40 million renters are at risk of losing their home by the end of 2020. It’s a crisis that’s disproportionately affecting Black and Latinx renters, and mothers. “},{“title”:”Covid-19 is driving millennials out of cities and into first homes”,”duration”:”04:01″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/24/new-york-city-urban-exodus-housing-real-estate-suburb-connecticut-catskills-orig.cnn-business/index.xml”,”videoId”:”business/2020/07/24/new-york-city-urban-exodus-housing-real-estate-suburb-connecticut-catskills-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200724095849-catskills-house-buyers-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/24/new-york-city-urban-exodus-housing-real-estate-suburb-connecticut-catskills-orig.cnn-business/video/playlists/business-real-estate/”,”description”:”Millennials are fleeing cities and waging bidding wars for suburban and even rural homes. It’s a big bet that the work-from-home lifestyle is here to stay.”,”descriptionText”:”Millennials are fleeing cities and waging bidding wars for suburban and even rural homes. It’s a big bet that the work-from-home lifestyle is here to stay.”},{“title”:”Would you buy this island after only a video tour?”,”duration”:”00:44″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/15/private-horse-island-ireland-video-tour-only-orig-jk.cnn/index.xml”,”videoId”:”business/2020/07/15/private-horse-island-ireland-video-tour-only-orig-jk.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200715111523-horse-island-3-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/15/private-horse-island-ireland-video-tour-only-orig-jk.cnn/video/playlists/business-real-estate/”,”description”:”An unnamed buyer purchased this private island off the coast of Ireland, but never actually saw it in person — they relied exclusively on a video tour. “,”descriptionText”:”An unnamed buyer purchased this private island off the coast of Ireland, but never actually saw it in person — they relied exclusively on a video tour. “},{“title”:”America’s housing crisis was already here. Coronavirus made it worse. “,”duration”:”04:54″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/index.xml”,”videoId”:”business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200519195715-housing-crisis-elle-reeve-5-large-169.jpg”,”videoUrl”:”/videos/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/video/playlists/business-real-estate/”,”description”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”,”descriptionText”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”},{“title”:”Selling your home is complicated. Zillow wants to change that”,”duration”:”03:29″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/02/20/zillow-homes-rich-barton-risk-takers-orig.cnn-business/index.xml”,”videoId”:”business/2020/02/20/zillow-homes-rich-barton-risk-takers-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190917122438-20190917-rt-gfx-rich-barton-zillow-large-169.jpg”,”videoUrl”:”/videos/business/2020/02/20/zillow-homes-rich-barton-risk-takers-orig.cnn-business/video/playlists/business-real-estate/”,”description”:”The homebuying process can feel antiquated. Zillow wants to change that. Zillow CEO Rich Barton tells CNN Business’ Rachel Crane why the company is now buying, renovating, and selling homes. “,”descriptionText”:”The homebuying process can feel antiquated. Zillow wants to change that. Zillow CEO Rich Barton tells CNN Business’ Rachel Crane why the company is now buying, renovating, and selling homes. “},{“title”:”Can living in a ‘wellness home’ make you healthier?”,”duration”:”03:13″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/homes/2020/01/23/delos-wellness-house-beverly-hills-luxury-real-estate-orig.cnn-business/index.xml”,”videoId”:”homes/2020/01/23/delos-wellness-house-beverly-hills-luxury-real-estate-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200123160735-summitridge-delos-spa-large-169.jpg”,”videoUrl”:”/videos/homes/2020/01/23/delos-wellness-house-beverly-hills-luxury-real-estate-orig.cnn-business/video/playlists/business-real-estate/”,”description”:” This mansion in Beverly Hills uses wellness home technology to monitor air quality, water purity, and even your circadian rhythms.”,”descriptionText”:” This mansion in Beverly Hills uses wellness home technology to monitor air quality, water purity, and even your circadian rhythms.”}],’js-video_headline-featured-1hcpnsf’,”,”js-video_source-featured-1hcpnsf”,true,true,’business-real-estate’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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