Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, prepandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:
“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”
The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search
The first step? Get pre-approved for a mortgage. Preapproval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list
Here’s a great way to think about them before you begin:
Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.
Nice-To-Haves – These are features you’d love to have but can live without Nice-tohaves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of these, it’s a contender.
Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the niceto-haves, and any of these, it’s a clear winner.
Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs
Prioritizing what you need in a home is a critical first step the buying process.
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Everybody wants something different from their kitchen, which is why our online interactive design tool allows you to pick various color combinations before you work with a designer– all available to view online.
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How living behaviors and needs have shifted over the past two years.
What does "HOME" mean, and what are consumers; greatest hopes and fears?
The America at Home Study found that in post-pandemic times, "Home" still means "Safety." for 93% of respondents. All other factors, including “comfort,” “relaxation,” and “family," also rose over the past two years, telling us the home is more important than ever.
On the hopeful side of the ledger was “my immediate family” (62%), “a better, healthier me” (39%), and “my home” (34%) The home itself provides hope for the future and has a critical role to play in supporting a holistic sense of health and well-being beyond the latest home technologies, which are more important to some than others Coming out of the pandemic, health and wellness is top of mind in several ways, and consumers place value on how their homes and communities can support them.
What stuck after life with a pandemic?
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Sticking with meals at home; Embracing e-commerce; and Increasing quality time together.
The activity that showed the biggest increase post-pandemic is online shopping in general, increasing from 39% to 46%
The behaviors that remained steady throughout and post-pandemic are “exercising at home/outside” at 44%, “DIY improvements” at 29%, and “entertaining friends/family at home” at 16%.
The most important room in the house may surprise you.
The kitchen has been replaced by the family room as the new “heart of the home ” When asked to rank the most important room in their homes, the family room was No 1 by far at 46%, followed by the kitchen in distant second place at 19%, and then primary bedroom at 18%
For millennials, the family room is a place to gather and a place where a lot of activity happens. Baby boomers see the family room more as a comfortable place to relax. They placed slightly more importance (20%) on the kitchen than others, and it’s the place for gathering and entertaining still considered the hub of the home to them
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Using your cell phone, take and upload your picture then tell us your color preferences, take our style quiz, or ask our Designers for their recommendations
Our Designers will create 3-5 initial designs based on your color preferences, then work with you online to create more designs until you find the one you love.
