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Remote Work Will Fuel Housing Demand for Years to Come

Remote Work Will Fuel Housing Demand for Years to Come
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Zillow's Latest Report Dives Deep on Today's Homeowners

Zillow's Latest Report Dives Deep on Today's Homeowners
probuilder.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from probuilder.com Daily Mail and Mail on Sunday newspapers.

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What to Expect in the Housing Market After the Pandemic

What to Expect in the Housing Market After the Pandemic
Zillow survey results indicate many of the features that have marked the pandemic-era housing market including heavy buyer demand, tech tool adoption and rising home prices are likely to persist
- Strong demand for homes is likely to continue, but there may be little change in the locations and types of homes Americans prefer.
- For-sale housing inventory should see a boost as vaccine distribution becomes more widespread 53% of housing experts Zillow surveyed think inventory will begin growing sometime this year.
- Digital tools that are making the home shopping experience easier and faster will continue to be in demand. About 79% of Americans say they would like to use 3D tours during their search. ....

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Younger Adults More Likely to Move in Next Few Years

April 7, 2021
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Zillow’s Group Population Science first quarterly survey asked homeowners about whether they are planning to move in the next few years, reasonings, and the influence of the pandemic on their moving plans. Top highlights include 14% of respondents saying they plan to move within the next three years, more younger homeowners are considering moving soon, and homeowners are highly confident in selling their homes in this market. Of those 14% of respondents considering a move in the next few years, those planning to sell in two to three years or in one year are split nearly in half. And 22% of homeowners aged below 40 are considering selling in the next three years while only 12% of older homeowners are. ....

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Zillow's 2021 Mover Report: The Opportunity, Emotion and Trends Behind the Great Reshuffling

Life and financial
uncertainty are among the top reasons homeowners have not listed their home for sale during the pandemic. The COVID-19 vaccine is likely to change that and prompt many more people to move.
Zillow data finds a large majority of homeowners (70%) say they would be mostly or completely comfortable moving to a new home when there is widespread vaccine distribution.
More than 1 in 10 Americans (11%) have already moved during the pandemic, according to a new survey from Zillow conducted online by the Harris Poll. Among those recent movers, three quarters (75%) say they moved for positive reasons, such as being closer to family or friends or living in an area they ve always dreamed of. ....

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