I would like to welcome you to my comprehensive Alaska real estate website. You'll find information on buying and selling in Anchorage, Wasilla, Eagle River, Palmer, Girdwood, and Chugiak.

Working Remotely Impacts Real Estate Last Year and Continues Into 2021

Dated: January 18 2021

Views: 175

The COVID-19 pandemic has changed the way we live and work—and, in light of the pandemic, many companies have shifted to remote operations, giving their employees the ability to work from home.

But how are these changes impacting the real estate market?

recent survey from Homes.com explored how the pandemic and the shift to remote work has changed the market—and, more specifically, how it’s influencing people’s decision to relocate.

Some of the survey’s key findings include:

  • One in three people who moved in the past 12 months had no plans to move prior to COVID—and one in four who moved in 2020, or plan to move in 2021, said a change in their job was the reason behind their decision;
  • 20 percent of respondents cited the ability to work remotely as the reason for their move in 2020; and
  • 45 percent said they would move in 2021 if given the chance to work remotely indefinitely;

The Takeaway:

So, what does this mean for you? COVID has changed the way many companies operate, and more people than ever are able to work from home. This shift to remote work is causing many people to reevaluate their living situation and relocate. So, if you’ve gotten the green light to work remotely—and are thinking it may be time to pick up and move to an area that feels like a better long-term fit? Now is a great time to make a move.

Blog author image

Yvette Belisle

I am a lifelong resident of Alaska and have lived in the Anchorage area for over 26+ years. I grew up in the Anchorage bowl and have knowledge of many parts of the city which have added in aiding my c....

Latest Blog Posts

Should I Buy Now or Wait? Let's Help You Decide!

Should I Buy Now or Wait? [INFOGRAPHIC]Some HighlightsIf you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.Mortgage interest

Read More

Patience Is Key: Buying a Home This Year

Patience Is the Key to Buying a Home This YearThe question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers

Read More

Will Our Housing Market Maintain Its Momentum?

Will the Housing Market Maintain Its Momentum?Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7%

Read More

4 Tips and Tricks to Maximize the Sale of Your House

4 Tips to Maximize the Sale of Your HouseHomeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This

Read More