As many tech companies extend their work-from-home policies and employees anticipate that their employers will afford more flexibility for remote working, the potential exists for home shoppers to search farther from home as the year progresses.
“With so much public land around us, people are seeking out not only Vail, but Aspen, Sun Valley, Jackson Hole, Park City — some of these mountain resort communities — as sort of safe havens,” said Stockton. “Even homes in remote areas that may have otherwise been more quiet in terms of showing or selling activity, we have seen a tremendous uptick.”
During the second quarter, home searches in Seattle, Portland, Los Angeles and San Diego from outside markets cooled, while California metros Riverside-San Bernardino, San Francisco and Sacramento saw an improvement in out-of-market home-buying interest. Interest in San Francisco was primarily driven by San Jose, perhaps as nearby shoppers are seeing an opportunity to get into the pricey, exclusive market.
Seems to be the case here in Michigan. People are moving out of our downtown apartment building in droves, and trying to find a reasonably priced suburban home is more difficult than it was just a year ago. The best houses are gone within a couple of days.
“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” ― Marcus Aurelius
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