Sturtevant from Bright MLS notes a rise in listings in exurban areas as workers revert to office routines, making long commutes less appealing. In contrast, first-tier suburbs near jobs see increased showing activity. NAR's Lautz confirms trends showing reduced importance for home office spaces and a greater emphasis on neighborhood proximity to workplaces. The shift reflects changing priorities over the last decade, with commuting costs and childcare becoming significant factors impacting home-buying decisions in 2024, despite a lesser emphasis on commuting than previously.
We did a nationwide survey and we actually asked folks, What are you looking for in a house?" Lautz said. And home office was the least sought-after feature.
Now, we are seeing a lot more showing activity in first-tier suburbs that are closer to commuting and closer to jobs.
The desire to be close to work is still not what it once was for homeowners and potential buyers.
A friend of mine now has to commute, and he pays $550 a month to commute, that is $550 a month he could be putting toward a house.
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