Tag Archives: #workathome

Expert Insights on the 2022 Housing Market

As we move into 2022, potential buyers and sellers are wondering, what’s next? Will the inventory of available homes increase? Will prices keep climbing? How high will mortgage rates go?

For the answer to those questions and a little more, let’s turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American: Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.”
Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”
Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”
George Ratiu, Manager of Economic Research, realtor.com: “We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”
Mark Fleming, Chief Economist, First American: Strong demographic demand will continue to act as the wind in the housing market’s sails.”

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices on Cape Cod and elsewhere are projected to continue climbing — just at a more moderate pace. Selling your house while buyer demand continues strong will truly put you in the driver’s seat.

While multiple offers were still common at the end of the year on Cape, the money offered over list price was generally speaking not as head scratching as it was earlier in 2021.

So don’t wait too long. With more listings projected to be available, your ideal window of opportunity to stand out from the crowd won’t last forever.

In fact, Mari was out with a buyer on New Years Day! And the spring market is just around the corner.

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease.

Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

Waiting for either prices to drop or a sudden rush of foreclosures that no one is predicting — except maybe your Uncle Harry “who knows a little something about real estate”– is not a successful strategy. It will only cost you money as prices continue to increase.

If you’re thinking 2022 is the year to make your move, we’d be happy to answer your questions. Let’s connect at 508-360-5664 or msennott@todayrealestate.com.

You need the right information to make an educated and informed decision about buying or selling in the year ahead.

Have a great week.

Mari and Hank

Does Your House Have What Buyers Want?

The rise in remote work is changing what countless Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, so today’s buyers are looking for homes with more space to support their work needs.

As a seller, if you no longer need the extra room that you have in your home, rest assured there are buyers who do.

Remote Work Is Here To Stay

Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “..66% of organizations are delaying re-opening their offices due to Covid 19.”

And it’s not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. Research from PricewaterhouseCoopers found that nearly one-fifth of employees want to be fully remote in the future.

The study also discovered that many people are leaving their jobs to seek out remote work opportunities. According to the report, among employees looking for new jobs “nearly one 10 says it’s because they moved away from the office while working remotely and don’t want to go back on site.”

That’s leading today’s buyers to prioritize finding homes with more space, so they can comfortably work from home.

The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. But, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings.

What Does This Mean for You?

If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell. Maybe the kids are grown and have moved away or you find yourself alone and using only a few rooms following the passing of a spouse or partner.

Bottom Line

With the continued rise in remote work, more buyers are looking for homes that can support multiple home offices. If you have extra room you’re no longer using, consider selling. Let’s connect today at 508-568-8191 or msennott@todayrealestate.com to discuss the unique features in your house and how you can capitalize on any extra space to appeal to today’s buyers. We’re happy to help.


By now, we hope everyone has their power back. We couldn’t have gotten through the storm without the tireless work of utility crews, public safety personnel and others. Please check out the video linked below.

https://www.youtube.com/shorts/_UdNRXApKEs

Enjoy your week…

Mari and Hank

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

A lot has changed over the past year. For many people, the rise in remote work has influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and made the space they already had work for them.

But recent headlines indicate working from home isn’t a passing fad.

If you’re still longing for a dedicated home office, now may be the time to find the home that addresses your evolving needs. More and more companies are delaying their plans to return to the office – others are deciding to remain fully remote permanently.

According to economists from Goldman Sachs in a recent article from CNN: “Job ads increasingly offer remote work and surveys indicate that both workers and employers expect work from home to remain much more common than before the pandemic.”

Other experts agree. A survey conducted by Upwork of 1,000 hiring managers found that due to the pandemic, companies were planning more remote work now and in the years to come.

According to Upwork: “The number of remote workers in the next five years is expected to be nearly double what it was before Covid-19. By 2025, 36.2 million Americans will be remote, an increase of 16.8 million people from pre-pandemic rates.”

How Does This Impact Homeowners?

If you own your home, it’s important to realize that continued remote work may give you opportunities you didn’t realize you had. Since you don’t need to be tied to a specific area for your job, you have more flexibility when it comes to where you can live. Moving to vacation areas like Cape Cod could be an option now, instead later when you retire. We’ve worked with many client over the last 12 months who have done just that.

If you’re one of the nearly 23% of workers who will remain 100% remote: 

You have the opportunity to move to a lower cost-of-living area or to the location of your dreams. If you search for a home in a more affordable area, you’ll be able to get more home for your money, freeing up more options for your dedicated office space and additional breathing room.

You could also move to a location where you’ve always wanted to live – somewhere near the beach, the mountains, or simply a market that features the kind of weather and community amenities you’re looking for. Without your job tying you to a specific location, you’re bound to find your ideal spot.

If you’re one of the almost 15% of individuals who will have a partially remote or hybrid schedule:

Relocating within your local area to a home that’s further away from your office could be a great choice. Since you won’t be going in to work every day, a slightly longer commute from a more suburban or rural neighborhood may be a worthy trade-off for a home with more features, space, or comforts.

We’ve seen these changes in our own family. Hank’s brother, whose company continues to push back return to the office deadlines, recently purchase a larger home with office space for both him and his wife. Our nephew, who lives in Michigan, just started a job for a Boston-based company that’s giving him the flexibility to work in the office or remotely, as he needs to.

If ongoing remote work is changing what you need in a home, or if you’re still living in a house that’s too big with closed off bedrooms that might be great office space, for a buyer who’s looking for some, we’d be happy to help you review your options.

We can connect at 508-568-8191 or msennott@todayrealestate.com.

Have a great week…

Mari and Hank