"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."
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.
Read at www.housingwire.com
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