ICYDK

ICYDK: Plenty of people are still moving these days and many of them are doing so further away from the office!

A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right now:

1. MOVE TO CITIES WITH LOWER HOUSING COSTS
Affordability is unsurprisingly a big factor motivating where buyers are moving today. A lot of the current inventory is outside of the price range of many buyers and as a result, people are looking to relocate to areas that have less expensive housing options. Many homebuyers are simply looking for a better bang for their buck and those locations are typically on the outside of the bustling inner city & further away from corporate offices — and smaller cities are thriving because of this!

2. LIVE WHERE THEY VACATION
If home buyers are already expanding their search radius, they may be able to look at a location that features their favorite type of destination — like a small-town suburb near the beach or by the mountains. Living close to the office is not an extreme priority anymore as data shows many homeowners are making a move that replicates where they used to vacation more of a priority, and it really comes down to appreciating a better and more relaxing way of living.

3. FLEXIBILITY = MORE HOME OPTIONS
Remote or hybrid work opens up a world of opportunity as it allows you to broaden your search for your next home since you’re no longer limited to living close to your workplace. This flexibility is a game changer for homebuyers and more people are prioritizing this as they search for a new home.

How important is living close to your office for you now a days? Would love to hear your thoughts in the comments! 👇