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Despite more out-of-work Americans amid the pandemic, housing has gotten more expensive during the coronavirus pandemic, especially in rural America.According to findings by Redfin, during the four-week period ending August 2, prices for homes in rural areas jumped 11.3% from 2019 figures. The median house price in urban areas increased by 6.7%. Suburban areas jumped 9.2%.Redfin’s data also indicates more home buyers are looking to move to rural or suburban areas, shying from urban locales. Before the pandemic, 37% of home buyers were searching for homes in urban areas; now it’s 19%. Forty-three percent of home buyers were searching in suburban areas before the pandemic; now, it’s 50%. Nine percent of home buyers were home searching in rural areas before the pandemic; now it’s 19%.During the coronavirus, living close to restaurants, bars, social events and offices is not nearly as much of a priority for many home buyers."We've been speculating about increasing interest in the suburbs and rural areas since the start of the pandemic," said Redfin economist Taylor Marr. "Now we're seeing concrete evidence that rural and suburban neighborhoods are more attractive to homebuyers than the city, partly because working from home means commute times are no longer a major factor for some people. And due to historically low mortgage rates, interest is turning into action. There will always be buyers who choose the city because their jobs don't allow for remote work or they place a premium on cultural amenities like restaurants and bars—which will eventually come back—but right now the pendulum is swinging toward farther-flung places."However, when the coronavirus ends and it becomes safe to return to offices and social events, will buyers regret purchasing a home in far-flung locales?"Newly remote workers from New York City are buying properties in rural areas like Warren County, NJ and Sussex County, NJ, but I expect that some of these buyers may eventually catch post-COVID buyer's remorse," said Darlene Schror, a Redfin agent in northern New Jersey. "Post-pandemic, buyers may realize that while their new neighborhoods make for a nice weekend getaway, the long commute may become unsustainable should things go back to normal. And they'll miss city amenities like high-quality restaurants, shopping centers and walkability."The median price for homes in urban areas are more affordable than suburban and rural regions, but the homes being purchased in non-urban areas are generally larger.The median home price for an urban house in the four weeks ending August 2 was 5,873, according to Redfin. Meanwhile, the median cost for a rural home was 6,750, and the median cost for a suburban home was 2,900.But per square footage, urban homes still were more expensive, costing 6.17 per square foot, compared to 8.76 in the suburbs and 2.58 in the country. 2903
DEL MAR, Calif. (KGTV) - Renting or owning a home in Del Mar is way out of reach for most San Diego families. But unlike other coastal cities, Del Mar has zero affordable apartments. Instead, Del Mar subsidizes rent for six low-income families. On Monday, the county's smallest city could get on the way to offering affordable homes. The Del Mar City Council could move to take advantage of a new state law that streamlines permitting for accessory dwelling units, like a granny flat in the backyard or a separate apartment within a house. The city may ask families who build those units to commit to leasing them to low-income families for thirty years. In exchange, the homeowners would get an additional 500 square feet of space above current zoning when they want to add on to their properties. “There is nothing that brings me to life or makes me feel more at home than being near the coast, and I think it's a blessing and wonderful opportunity,” said Kari Arendsen, who was visiting Dog Beach. The city is hoping to start the program with two homeowners, but ultimately aims to get 22 affordable homes on line. The affordable homes would be for families earning at least 80 percent of the median income, so a family of two earning about ,200 a year would qualify. An individual could earn as much as ,950; a family of three could earn up to ,600, and a family of four ,750. 1441
DEL MAR (KGTV) -- The Del Mar Fairgrounds is hosting The Cross Roads of the West Gun show this weekend.But show goers were met by dozens of protestors before walking inside.“I love those little kids. That was the trigger,” retired first grade teacher, Carol Mason said. “There have been so many more that it just breaks my heart.”The 88-year-old said she was inspired to partake in her first anti-gun demonstration Saturday, after being inspired by the nationwide student walk-out last week.She and more than 100 people held signs and walked along Villa De La Valle, chanting “Never Again!” Especially after the Parkland tragedy, protestors said they could not stand to see another child being killed by gun violence. The thought of a gun show in their city disgusted them.READ: Sisters exchange texts as massacre unfolds inside Parkland school“I associate the fairgrounds with the Del Mar Fair. The San Diego County Fair,” protester, Jill Cooper said. “And all of these wonderful shows like the concerts, and it does seem like a miss match because if we allow gun shows to continue, I think we are sending a chilling message to our children that guns are more important than they are.“Michael Schwartz, Executive Director of San Diego Gun Owners PAC disagreed.Because California has one of the strictest and perhaps most confusing gun laws in the nation, he said that shows like these help gun owners and their families learn proper gun etiquette and practices. He believed that will help avoid future tragedies. “People go learn to get training and get and try different types of firearms legally, that sort of thing,” Schwartz said. “So, if you want responsible firearms ownership, you want a gun show five times a year in Del Mar.”Meanwhile, Mason accepted the fact that she will not see eye to eye with those inside the gun show. But she hoped her first ever protest at age 88 just triggered a new perspective.“We’re not trying to take away their 2nd amendment right,” Mason said. “We’re not trying to remake the whole culture. But we’ll peck at it. Bit by bit by bit. To become more sensitive, more aware and support our kids in schools.”PHOTOS: Victims killed at the Parkland School shootingThe Gun show also featured special panels on new gun laws.The show concludes Sunday at 4pm. 2317
DEL MAR, Calif. (KGTV) -- Another shark sighting in Del Mar prompted lifeguards to leave in place signs warning swimmers to enter the water at their own risk. According to lifeguards, the five-foot-long shark was spotted at 1 p.m. off 15th street as crews patrolled the area in a boat. Lifeguards say the advisory signs will be taken down in 24 hours unless any more sharks are spotted in the area. The sighting marks the fourth day in a row a shark has been spotted in the area. Research biologists say if a shark is under six feet, they are juveniles and eat smaller fish, posing no threat to people. “If I saw a sub-adult or anything over 6 feet, I would probably personally get out of the water,” Heidi Dewar, Research Biologist at the Southwest Fisheries Science Center said. Dewar also has some tips on avoiding any possible shark attacks:Avoid the beach at dusk and dawnStay away from river mouthsPay attention to lifeguards and their warnings 958
DEARBORN, Mich. (AP) — Ford Motor Co. will offer early retirement incentives with hopes of cutting its U.S. white-collar workforce by 1,400 more positions.President for the Americas Kumar Galhotra told employees about the offers Wednesday morning. The company says they’re part of an billion restructuring plan that started more than a year ago.Most of the reductions will take place in the area of Dearborn, Michigan, where Ford has its headquarters. A spokesman says Ford expects to meet its goals with the offers.If it doesn’t, then it may consider involuntary separations. The offers will go to U.S. salaried workers who are eligible to retire as of Dec. 31.View the letter sent to employees below:U.S. Voluntary Incentive Program Message 9.2.2020 by WXYZ-TV Channel 7 Detroit on Scribd This story was first reported by WXYZ in Detroit, Michigan. 865