The housing market isn’t going anywhere and with times of uncertainty, there are a few trends that are relevant in today’s housing industry.
Before the pandemic, about 30% of home shoppers worked partially or fully from home and since that number has increased. With no physical office to go to, home buyers have a little more leeway on where they buy.
Depending on location, home prices are continuing to rise. Areas along the water and major cities in Florida, Tennessee, Colorado and Arizona have a higher demand and price point than cities like New York, Los Angeles and San Francisco.
With uncertainty on public health and everything going on in the world, many are choosing to steer clear of metropolitan cities and move to suburbs or lower-tier cities.