Remote work and moving patterns

Remote working
More Americans are working remotely and thus on the move.

Perhaps one of the biggest byproducts of the current pandemic has been the popularity of working from home for many Americans. Needless to say, this has resulted in home searches essentially having no boundaries. As a result, many Americans are relocating to less expensive areas that offer more space. Known as “The Great Reshuffling”, many home buyers are now prioritizing affordability and space instead of a short commute to the office. There is something to be said for the office simply being down the hall in your own home.

Key findings

The Great Reshuffling has been the subject of many studies and discussions. A few of the key findings from this shift are as follows:

  • 84% of the workforce prefer to work from home at least a few days a week
  • 44% of the workforce prefer to work from home at all times
  • 50% of the workforce will likely look for a new job if they are forced to return to the office against their own will
  • 69% of the workforce reports that having control over their life and time is even more important to them now
  • 23% of remote or hybrid workers are likely to move, as opposed to 13% of in-person workers

Summary

It is safe to say that the current pandemic will likely forever change how business is conducted across the world. In addition to the flexibility of working from home (or anywhere), many companies are also realizing that they may get by with less (or no) commercial space leading to significant cost savings. Assuming productivity remains the same or improves, this new model will continue to provide more efficiencies for companies. Americans are embracing these trends as they reduce restrictions on where they may reside. Places such as South Florida have seen tremendous growth due to these new trends & this is expected to continue.

At Live South Florida Realty, Inc. we have assisted many clients build their real estate investment portfolios. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!

By natasha@livesouthfl.com

REALTOR® with Live South Florida Realty, Inc.

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