Now more than ever, many people have the opportunity to move to new locations or to areas more suited to them and their families than ever before. However, if you’re looking to buy a home in 2022, it’s important to take note of the current housing market, and how it will change during the upcoming year (or at least how it’s expected to!).
When looking at predictions for market trends in 2022, there is a lot to take into account as far as if people are moving, where they’re headed to, as well as why they’re moving – in addition to how these motivations have impacted the housing market in the past, and how they’ll continue to impact the market in the future. Let’s get into it!
Are People Moving in 2022?
In short, yes, people are moving in 2022. Since the onset of the COVID-19 pandemic in 2020, the market has seen unprecedented trends that have changed the market completely, including how the entire landscape works these days.
Beginning in 2020, many offices and work environments went remote. Since then, and due to the ongoing pandemic, many employers have chosen to make work-from-home arrangements permanent. Additionally, many prospective employees have begun to specifically seek out remote work for the convenience!
Where are People Moving in 2022?
Because of this phenomenon, many people were suddenly freed from having to work and live in one location, and being beholden to their commutes. In turn, due to the lack of need for proximity to the office, people have begun moving long-distance, or at least to places that are more affordable, more spread out, and with preferable living conditions in comparison to their current circumstances.
This has led to people leaving cities for larger, more affordable arrangements in the suburbs or in more rural areas, as well as just people moving for themselves, rather than for their jobs.
So is this continuing into 2022? Moving trends in 2022 are expected to continue the pattern of people spreading out more, and heading to areas with a little more fresh air than in cramped cities.
Why are People Moving in 2022?
In short, people are moving due to more employer freedom, and moving to places that allow them to save money and get better value for their rent or mortgage prices. Additionally, people remain moving for the same reasons they did for the past couple of years – they want to get away from densely populated, expensive cities and head to areas that are cheaper and more spread out.
How Does Remote Work Impact the 2022 Housing Market?
Easy! Remote work is the reason why many people have found themselves moving, and why they continue to move to areas they wouldn’t have been able to without their workplace going remote. Work-from-home arrangements have allowed employees to move wherever they want!
If you’re looking to move in 2022, make sure you do the proper research and make sure you’re not only finding the right area and right home for you, but that you’re also finding the right time to buy. Once you’ve gotten that squared away, use Excel Moving & Storage Inc. for all of your moving services. We’re the local in town movers you can trust to provide you with not only transparent and efficient moves, but with unparalleled customer service.