Forty-four percent of respondents to a Sears Home Services survey of 1,000 people said they are less satisfied with their home since the beginning of the pandemic.
“There’s a sense of feeling ‘trapped’ when it’s required to remain inside; we’re missing the venues we used to frequent and perhaps noticing flaws of the home while spending more time there,” the survey notes.
Households with children all living in smaller spaces are more likely to be linked to owners’ dissatisfaction.
Homeowners with children were 10 percentage points more likely to say they felt less satisfied with their home than those without.
Also, homeowners with only one or two bedrooms were more likely to report being unsatisfied with their homes.
The growing dissatisfaction among homeowners after being hunkered down may be a big factor behind the surging housing market.
Contract signings on homes surged to a record high in August and are now 24% higher than a year ago, the National Association of REALTORS® reported Wednesday.
Survey respondents said the four top features they most want to add to their homes are a home gym (41%), home office (37%), gaming space (32%), and kitchen space (31%).
Source: “Making a House a Home in the Time of COVID-19,” Sears Home Services (September 2020).
Home contract signings surge to record high
Pending home sales are exceeding pre-pandemic levels and defying forecasts.
August marked the fourth consecutive month of escalating sales contract activity.
NAR’s Pending Home Sales Index—a forward-looking indicator based on contract signings—increased 8.8% in August to a record high of 132.8. (An index reading of 100 is equal to the level of contract activity in 2001.)
Contract signings are now 24.2% higher than a year ago.
Source: National Association of Realtors
Home prices up at least 10% in majority of country
Median home prices in the third quarter of 2020 are up by at least 10 percent from the third quarter of 2019.
The counties across the US that this statistic applies to are counties that have a population of at least 100,000 and at least 50 single-family home and condo sales in the third quarter of 2020.
Get it while it's HOT. This Lake Hollywood home won't be on the market for very long!
Hot Home alert for the Lake Hollywood area!
•3 bedrooms
•2 bathrooms
•1,904 sq. ft. of living space
•5,514 sq. ft. lot
•Hardwood floors
The property features a remodeled kitchen, soakers tub & separate glass shower in the master bath, and a very private backyard.
Asking price $1,475,000
Text me if you want a tour 818-445-7953.