Buying a home is a major life decision. That’s true whether you are purchasing for the first time or selling your house to fuel a move. And, if you are planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you.
While mortgage rates are higher than they were at the start of the year, you shouldn’t put your plans on hold based solely on market factors. Instead, it is necessary to consider why you want to move and how important those reasons are to you. Here are two of the biggest personal motivators driving people to buy homes today.
A Need for More Space
Outgrowing your home isn’t new. If you are craving a large yard, more entertaining room, or just need more storage areas or bedrooms overall, having the physical space you need for your desired lifestyle may be reason enough to change.
A Desire To Be Closer to Family
According to a survey by moving and storage companies, 32% of people chose to move closer to family. Also, there is an increase in flexible work options which has helped many homeowners make a move closer to family. Many companies have moved to permanent remote working policies. This gives employees the option to move freely around the country.
What Does That Mean For You?
If you are thinking about moving, one of these reasons might be a top motivator for you. Home prices and mortgage rates today will likely play a role in your decision. It’s important to make sure your home meets your needss.
Bottom Line
There are many reasons why people decide to move. No matter what the reason may be, if your needs have changed, let’s connect to discuss your options in today’s housing market.
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