Pandemic Changing Home Buyer Behavior

January 05,2021 | Posted By Dinorah Carmenate in Buying

Source: California Association of Realtors

With more people working remotely now and, in the future, buyers’ housing demand is slowly evolving. More than two in five REALTORS® (43.6%) noticed a change in buyers’ preference of the property that they want to purchase since the Coronavirus outbreak, according to C.A.R.’s 2020 Annual Housing Market Survey.

Of those REALTORS® who noticed the change in buyers’ preference:

39 percent said buyers are opting for a bigger home
35 percent said buyers are opting for a property with more rooms
37 percent said buyers are less concern about the commute time to work
37 percent said buyers are opting to live in a suburb rather than a city
26 percent said buyers are opting to live in rural area rather than a city or a suburb