Mortgage Industry News
« Return to Mortgage Industry News
Gig Workers Less Enthusiastic About Homeownership
Wednesday, December 6, 2017
"Gig," a term that used to refer mostly to
a musician's booking, is now being used to describe a whole sector of the U.S.
economy. Fannie Mae defines it, rather
narrowly we think, as the on-line, on-demand services such as ride sharing and
accommodation, and included questions about it in their Third Quarter
National Housing Survey. Fannie Mae says
its purpose was to understand the extent to which the gig economy is growing
and how it might affect attitudes towards homeownership. The survey found that 16 percent of American adults have provided a service
through the gig economy.
Read Full Article