Walter Huff on how COVID-19 will impact multi-generational housing
Today’s Daily Download episode features an interview with Walter Huff, Owner and CEO of The Huff Real Estate Team at Keller Williams. In this episode, Huff explains how the growing number of seniors aging in place will impact America’s housing supply.
During the interview, Huff also touches on how the COVID-19 pandemic may lead to an uptick in multigenerational households as the unemployment rate continues to hover near record lows.
According to Huff, one of the major benefits of a multi-generational household is shared expenses, and as COVID-19 continues to affect the wages of Americans across the country, saving may be more important than ever.
“By bringing in family members and resources together under one roof, families can collectively address their expenses, allocate their finances accordingly, and save even more,” Huff said. “The family household will forever be changed thanks to COVID-19 and I’m waiting to see a study of how that will impact family formations moving forward.”
The Daily Download examines the most compelling articles reported by the HousingWire newsroom team. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
HousingWire articles covered in this episode: