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How Affordability and Remote Work Are Shaping Modern Living Choices

Writer's picture: WWHWWH

There’s a significant shift happening in the housing market: more people are moving to affordable areas, thanks to the rise of remote and hybrid work.



Explore Affordable Living Options

High mortgage rates and rising home prices make homeownership challenging for many. Consequently, numerous potential buyers are seeking more affordable locations with a lower cost of living. As Orphe Divounguy, Senior Economist at Zillow, points out:


“Housing affordability has always mattered . . . and you’re seeing it across the country. Housing affordability is reshaping migration trends.”


If you’re planning to buy a home soon, it might be wise to expand your search to include more budget-friendly areas. This strategy is becoming common among home seekers trying to find a property within their financial means. Extra Space Storage highlights:


“55% of American adults are looking to relocate to a different state or city for more affordable homes and lower costs of living. . . Specifically, states with a strong economy, lower costs of living, and remote work options continue to be the ideal places to live in the U.S.”


Remote Work Expands Housing Possibilities

Working remotely or commuting less frequently significantly broadens your home search. You can now consider suburban or rural areas you might have previously overlooked. Market Place Homes explains:


“People start to reconsider where they want to live when commute times are slashed in half or eliminated altogether. If they have a longer commute but don’t have to do it daily, they may feel like they can tolerate living farther away from their job. Or, if someone works entirely remotely, they can move to a cheaper area and get a lot of house for their dollar.”


How a Real Estate Agent Can Assist

A real estate agent can be invaluable in finding the perfect home within your budget, especially if you’re relocating to a new area. Bankrate advises:


“If you’re moving far away, you may not have a good idea about which neighborhoods or towns will be the best fit. An experienced local agent can help you find the lifestyle you’re looking for in a home you can afford.”


So, if you’re contemplating a move to a more affordable location, now might be the perfect time. Remote work offers the flexibility to explore new areas where your money stretches further.


Dreaming of a place where your money goes further? Connect with a real estate agent who can help you find your next home. Together, you’ll turn your homeownership dreams into reality.

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