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Proximity To Family Moves Up Buyers' Wish Lists

The list of things home buyers consider important when deciding to move stays fairly consistent. Years go by without much change to buyers' wish lists. But like most everything else, the pandemic has led buyers to reconsider the things they're looking for in their next neighborhood. Not surprisingly, the quality of the neighborhood still ranks highest. Everybody wants to live in a nice area. The second slot, however, saw a change, as proximity to family and friends surpassed commute to work and affordability, which both ranked higher on last year's list. The data, from the National Association of Realtors' annual Profile of Home Buyers and Sellers, shows the pandemic's impact on how we think about where we want to live and the type of house we're looking to buy. “Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce, or a new job,” Jessica Lautz, NAR's vice president of demographics and behavioral insights, said. “The pandemic has impacted everyone, and for many this became an impetus to sell and make a housing trade.”