How Affordability and Remote Work Are Changing Where People Live
There's a fascinating trend in the housing market: more people are moving to affordable areas, and remote work is making this shift easier.
Moving to More Affordable Areas
High mortgage rates and rising home prices are making it tough for many to afford a home. As a result, buyers are looking at regions with lower living costs. According to Orphe Divounguy from Zillow, “Housing affordability is reshaping migration trends.”
Broadening your search to include more affordable areas can help you find a home within your budget. Extra Space Storage reports that 55% of Americans are considering relocating to places with lower living costs and more affordable homes.
Remote Work Expands Home Options
Remote and hybrid work models offer the flexibility to consider homes in suburban or rural areas, where properties may be cheaper. Market Place Homes states, “If someone works entirely remotely, they can move to a cheaper area and get a lot of house for their dollar.”
The Role of a Real Estate Agent
A real estate agent can be invaluable in finding a home within your budget, especially if you’re moving to a new area. Bankrate highlights the importance of an experienced local agent in helping you find the right neighborhood and home.
Bottom Line
If you're dreaming of a place where your money goes further, consider relocating to a more affordable area. With the flexibility of remote work, you have more options than ever. Connect with the Burroughs Real Estate Team to find your next home and make your dream of homeownership a reality.
