Remote Work is Changing the Home Buying Game
Experts say remote work will continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025, a 417% increase compared to the pre-pandemic years!
If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome current affordability and inventory challenges.
How Remote Work Helps with Affordability
Remote or hybrid work allows you to change your home search approach. Without a commute everyday, living close to the office may not be the top priority. If you’re willing to move a bit further out in the suburbs instead of the city, you could open up your pool of affordable options. In a recent study, Fannie Mae explains:
“Home affordability may also be a reason why we saw an increase in remote workers’ willingness to relocate or live farther away from their workplace . . .”
More Work Flexibility Means More Home Options
With the ongoing low inventory, finding a home that meets all the criteria remains a challenge. Yet broadening your search can help with affordability as well as checking off those “must-have” boxes!
Call me TODAY for more information!
407-341-8814
Orlando Real Estate Market – Weekly Update
September 10, 2023 – September 16, 2023
Single-family existing homes
- Sales of single-family homes decreased to 398 during the week of September 10, from 346 the week prior
- The median price of single family homes decreased to $410,000, a change of -3.5%
- Single-family inventory increased by 174, and now sits at 4,767
Condos, townhomes, and villas
- Sales of condos, townhomes, and villas decreased to 117 during the week of September 10, from 120 the week prior
- The median price of condos, townhomes, and villas decreased to $281,000 a change of -1.6%
- Condo inventory increased by 60, and now sits at 1,8