California Homebuying Behaviors - Pandemic.
The COVID-19 pandemic continued to drive strong homebuying interest and intensify market competition while changing consumers’ housing preferences and fueling sellers’ home equity, according to C.A.R.’s 2021 Annual Housing Market Survey.
With remote working becoming the norm, buyers’ reasons for purchasing in 2021
were unchanged since the Coronavirus outbreak, with the top three reasons
remaining the same as last year. More than one-fourth of REALTORS® said their
buyer clients purchased a home because they were tired of renting;
One in five said their buyers purchased because they desired a larger home; and one in six REALTORS® said buyers bought because they wanted a better location. Source: CALIFORNIA ASSN. OF REALTORS®
More supercharged buying info in this article from the CaliforniaAssociation of Realtors®
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Francis
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