How Close is Too Close to Live Near Family?
People want to be closer to their families in this stressful time, just not too close.
A recent Ally Home survey found that 67% of more than 2,000 respondents wish they lived within a 45-minute drive of their family, which is an increase of 40% from April 2019. However, consumers don’t want to live too close to their families. Forty-three percent of respondents said they don’t want to live close enough to family that they would easily be able to do a quick pop-in just to say hi. This is an increase of 6% from the April 2019 survey, when only 37% of people didn’t want family to live that close.
Regardless, most people do miss seeing their families, especially as the pandemic progresses. Sixty-one percent of people said it is “very difficult” to still not be able to see families in person, but they appreciate the ability to have video chats, like Zoom or FaceTime. Millennials (71%) and Generation X (64%) felt especially strongly about this. In the last year, 61% of people have canceled scheduled trips to see family.
“The pandemic has changed our lives in so many ways, particularly in keeping families apart for extended periods of time,” says Glenn Brunker, president of Ally Home. “Priorities have shifted for many Americans who now desire to live closer to their families, and finding their next home may be challenging in today’s real estate environment. It’s important for consumers to do their homework upfront before starting their home search to understand the process and requirements.”
Topics
Share this post
Member Discussion
Recent Articles
-
Unaffordable Market Shrinks First-Time Buyers; Agents Remain Key
- November 13, 2024
- 4 min. read
“We have an all-time high of all cash buyers and an all-time low of first-time homebuyers,” noted NAR Deputy Chief Economist and Vice President of Research Dr. Jessica Lautz.
-
Recent Homebuyers Saved for Five Years on Average
- November 12, 2024
- 2 min. read
On average, recent buyers who were surveyed put down an average of 17.38% on their new home. However, 49% put down 10% or less of the purchase price.
-
Scranton Has 5th Lowest Cost of Living
- November 11, 2024
- 1 min. read
“The Scranton area is a great place to live because the cost of living is significantly below the national average, particularly in housing, making it super affordable to buy a home here,” said GSBR President Dan Taylor.
Daily Emails
You’ll be the first to know about real estate trends and various legal happenings. Stay up-to-date by subscribing to JustListed.