Home Office Trend

The value of quality housing has never been clearer. With more employers reluctant to bring their workers back into a busy office environment we will see more and more buyers focused on having additional living space to accommodate working from home. We are seeing increased demand from move up buyers who understand this trend will continue past 2021. Many employers will realize they don’t need large offices as workers embrace new technology. Buyers who need to work from home want more bedrooms and less open space. Buyers who need more breathing room will focus on purchases outside the city core where additional square footage is less expensive. I assume builders will begin to accommodate this new reality into building plans in the coming years. Buyers need home offices! Low interest rates have helped fuel the market and are forecast to remain near historic lows. Housing Wire, a news portal indicated we recently hit the lowest rate Freddie Mac reported since 1971! Buyers feel confident in this market knowing they will lock into a low interest rate loan. Both buyers and sellers will benefit from gaining insight into our local markets. The Frasch Team can be invaluable in this process. Whether buying or selling it is critical to get a Realtor who knows the market and has a proven track record. The Frasch Team has been serving our local community for over 20 years, and would love to go to work for you today.