Why Are People Driven To Move In Today’s Real Estate Market?

Joseph Jennings | Broker, ABR, PPM, CAM | Tag: Housing Market Boom
Why Are People Driven To Move In Today’s Real Estate Market? Housing Market Boom

Published: Oct. 12 2021 | | By Joe Jennings

Why Are People Driven To Move In Today’s Real Estate Market?

This year, with so many Americans relocating throughout the United States, the pandemic shut down has many reshaping their own outlook on needs and lifestyle choices. Hunkering down in our current homes has encouraged many individuals to rethink how homeownership can be more beneficial for their future plans & possible growth. How they value the space they dwell in and for many, how to raise a family in the space that is desired.

View Florida Real Estate Listings Here

With a new insight on homeownership, the needs and search criteria of home buyers and home owners are changing.

Below are some of the reasons people are re-exploring where they live and making the moves now:

  1. Home Office Space
    Remote work is becoming a new norm, and for some it’s welcoming. Many employers and their workforce today are discovering that a close proximity to the office is not necessarily needed. Employees can get more for their money if they move a little further outside the city limits. Apartment List notes:

     

    “The COVID pandemic has sparked a rebound in residential migration: survey data suggest that 16 percent of American workers moved between April 2020 and April 2021, up from 14 percent in 2019 and the first increase in migration in over a decade… One of the major drivers in this trend is remote work, which expanded greatly in response to COVID and will remain prevalent even after the pandemic wanes. No longer tethered to a physical job site, remote workers were 53 percent more likely to move this past year than on-site workers.”

     

    Having a dedicated office space is paramount for many professions. If you’ve experienced failed attempts converting a guest room, dining room or even garage into a home office with little success, it may be time to find a larger home. Your current house may not be optimally designed for the kind of space you require, making remote work strenuous and uninspiring.

  2. Room for Personal Health, Wellness & Other Activities
    Many Americans are investing in their health with at-home indoor spin bikes, Peloton virtual coaching, and online group classes. With the uncertainty of outside gyms during lockdown, many are looking at ways to create space for a home gym.

     

    The fastest-growing Health & Wellbeing trends amongst active adults:

    ● At-home fitness equipment (up 50%)
    ● Personal trainers/nutritionists (up 48%)
    ● Online fitness courses, classes, and subscriptions (up 17%)
    ● Personal meditation

    Having the space to comfortably pursue a physical and mental wellbeing whether it be through a home gym, crafting or recreational hobbies. May encourage many like you, to consider a new home with you and your family’s needs in mind.

  3. Outdoor Space To Breath
    A recent release by both Forbes and Better Homes and Gardens state similar outdoor living trends many families and young professionals have leanings towards as we continue to exist in the post lock down Covid pandemic.

     

    Here are 3 of these trends:

    ● Outdoor Kitchens: 60% of homeowners are looking to add outdoor kitchens. Next are patios, decks and in third, screened porches and three-season rooms.
    ● Home Gardens: Millions of people, many new to it, took up gardening during the pandemic. From vegetable to herb gardens and even creating havens for pollinators, protecting declining bee species through native and wild flowers.
    ● Secluded Spaces: Privacy demands increase with outdoor activity becoming more common and frequent.

    You may not, however, currently have the desired space you need for these designated areas – inside or out. Sunny can help you find your space.

Joe Jennings at Sunny & Associates

Bottom Line
If you’re demanding for more room to accommodate your changing needs, making a move may be your best bet. Prices of homes continue to rise. It’s important to take advantage of today’s low interest rates. Sunny & Associates are standing by to help you along with home ownership. We work with several banks and mortgage companies to get you started on the path of home ownership.

Reach out to Joe Jennings at Sunny & Associates for everything you need in place to purchase a home. SUNNY is here for YOU!

6 Reasons You’ll Win by Selling with a Real Estate Agent This Fall

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today…

Home Buying Closing Costs, What You Need To Know

A recent survey by Rocket Homes found 41% of homebuyers were surprised by their Home Buying Closing Costs. Here’s what you need to know.

Home Buyers will have Greater Negotiating Power in 2023

This less competition comes more opportunity. Here are two trends that may be news to Home Buyers Negotiating Power in 2023…

Residential Real Estate Investing, 5 First Steps

Many times a week we get calls from people who want to Invest in Residential Real Estate. 5 steps for your Real Estate Investment journey.

5 “Must Do” Tips To Sell Your Home

Putting your house on the market can be exciting. Here are 5 Must Do Tips that will help you sell your home.

Selling a Home in Today’s Market, what you need to know

Worried about the housing market cooling and home buyer demand moderating? Selling a home in Today’s Market, what you need to know.

Former Steelers Quarterback Michael Vick Lists his South Florida Home in Plantation

Former Pittsburgh Steelers quarterback Michael Vick has put his South Florida home on the market for just under $2.4 million.

Buying A Home In 2022, Is It Time?

While it’s unlikely the Residential Real Estate market be as crazy as it was in 2021, you may still face some headwinds along the way.

5 Tips For Homebuyers Who Want Their Offer Accepted In A Sellers Market

It’s important for a home buyer to know how to make an offer that will be competitive and accepted.

The Future of Mortgage Rates Experts Say, Think like an Investor

If you’ve been thinking of buying a home, you may be in panic with what is happening with residential mortgage rates over the past year.

sunny-associates-best-rated-realtor-broker-plantation-fl-joe-jennings-1-b

Top Rated Real Estate Broker

Real Estate Markets: Plantation, Davie, Cooper City, Pembroke Pines, Weston, Sunrise, Fort Lauderdale, Boca Raton, Port St. Lucie, Vero Beach, Florida