With an increase in working remotely, simply being at home more, and record low interest rates, it’s easy to see why more and more people are upgrading their homes and moving to larger spaces. While the trend steadily continued throughout 2020 and is expected to continue in 2021, it has provided a pretty big shock to the housing industry.
What does this mean for potential homebuyers? Ultimately, there are some outside factors at play now that homebuyers didn’t have to account for previously. If you’re looking to buy a home this year, here are some things you need to know that could affect your purchasing timeline:
The market for homebuyers has drastically changed, but this doesn’t mean you have to cast aside your hopes of purchasing a new home. Just keep these factors in mind and with some patience and guidance, you’ll be right at home in no time. Have any questions? Feel free to reach out to our team of experts who can help answer any that you have about buying a home in today’s market.