Moving is a tale as old as time. We’re constantly changing up the places that we live — whether it’s for a job, to be closer to family, or because you really love the place you visited that one time. If you’re thinking of making a move yourself, you likely have a few things on you mind, namely housing inventory and affordability. Which is fair. Plus, you are totally not alone. A new report has provided some amazing insight into where people are searching for homes and what they’re prioritizing most right now. Maybe one of these insights into where people are moving will help soothe your swirling mind.
1. People Are Moving to Cities with Lower Housing Costs
I’m sure you are with me here and don’t find it shocking that cost is a huge motivating factor. With costs going up, people are relocating to areas that have less expensive housing options. As a result, small cities, which also saw an influx during the pandemic, are thriving.
The takeaway, my friends? If you’re having trouble finding a home that fits your budget, it may help to browse other, more affordable locations nearby.
2. People Want to Live Where They Vacation
As someone who lives in Las Vegas, I have heard the “but I don’t want to leave” and “can’t we just move here” arguments many a time. When you are looking to expand your search area, even if you can’t go to the exact location where you had the best vacay ever, there may be some features that will inspire your search. A suburb near the beach or a mountain town. This is a move that many homeowners are making. Maybe you can live in the dream location you have always loved.
3. People Who Work Remotely Are Taking Advantage of Flexibility
Perhaps you aren’t tethered to a location and can work from anywhere? In that case you have loads of flexibility! Remote and hybrid workers don’t have to live in the same city, or sometimes even the same state, where your job is located. That means you can prioritize other things, like being closer to loved ones, when buying a home.
A recent report notes that for those who moved during the pandemic, 55% reported moving farther from the office. And since remote work is still a popular choice, homebuyers will likely continue to take advantage of that flexibility.
There are many options and decisions involved in choosing where you live. If you want help navigating today’s inventory or affordability challenges, and expert advice to assist you find your ideal home, let’s connect.