Before the pandemic, only 21% of individuals worked from home, but as you have probably discovered, remote work has become the new normal. Studies have reported that over the next 5 years, 37.5% of workers will be working remotely in some capacity.
This change in work requirements means that you can be more flexible in where you live. If you are one of the nearly 23% fortunate employees who will remain 100% remote, you will be examining your new working place more critically. More space for your home office will be number one on your “wish list”. Add to the list moving to an area you always considered a “vacation spot”. Now is the time you can ditch the cord that attached you to the office and live in a more remote location with better weather or community amenities.
Rural and suburban areas have become the locales of choice for many urbanites since the exodus began last year. The pandemic caused a movement away from urban cores. Those with higher incomes could afford to move to larger homes with more space and lower-income individuals sought lower cost-of-living areas.
Larger California cities, such as San Francisco, Los Angeles, and San Diego have seen a significant increase in suburban real estate sales. Experts see this phenomenon most likely persisting for the rest of the year at least.
If you are considering moving to a different home, but have been unable to obtain a conventional mortgage, give Sun Pacific Mortgage a call at 707-523-2099. Our purchase loans offer fast private financing to get you a strong all-cash offer to get you into your dream home.