Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors says the median distance that buyers traveled to their new homes was 50 miles in 2022, which was triple the median distance that most people clocked in the 30 years
A combination of factors, including low interest rates and a pandemic-driven decision by many city dwellers to look for houses in the suburbs, has created a housing boom for much of 2020 and 2021. That boom has created an undeniable seller’s market in real estate. Just what is a seller’s market? The financial resource Investopedia […]
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