Growing Trend: Home Buyers Seek Neighborly Communities

The pandemic has accelerated a notable shift in homebuyers' priorities, with a growing majority seeking out neighborly communities that offer a strong sense of belonging and connection. In fact, 69% of survey respondents have reported getting to know their neighbors better, and 65% have made an effort to be friendlier. Additionally, 85% of buyers consider community connections essential, and 78% believe neighborly vibes increase home value. As the demand for neighborly communities continues to rise, it's clear that this trend is reshaping the way we think about home buying, and there's more to explore behind this emerging phenomenon.

Key Takeaways

• 69% of survey respondents have reported getting to know their neighbors better, indicating a growing desire for community connections.
• 85% of buyers consider community connections essential, driving demand for neighborhoods with strong social bonds.
• Home buyers prioritize safety, with 92% considering it a key factor when choosing a neighborhood, which often translates to neighborly communities.
• The pandemic has accelerated the trend, with 57% of respondents relying on neighbors to fill the void of social connections with friends and family.
• Neighborhoods with strong community connections are becoming more desirable, with 78% of buyers believing they increase a home's value.

The Rise of Neighborly Communities

As the pandemic has reshaped the way Americans live and interact, a staggering 69% of survey respondents have reported getting to know their neighbors better, indicative of a growing desire for neighborly communities.

This shift is reflected in the 65% of respondents who have made an effort to be friendlier, and the 57% who say neighbors have helped fill the void of visiting with friends and family.

Additionally, more than half have had socially distanced gatherings with neighbors, fostering a sense of community engagement.

The data suggests that home buyers are placing increased importance on neighborly connections, seeking communities where they can build meaningful relationships with those around them.

This trend is likely to shape the way we approach home buying, with community engagement becoming a key consideration.

Neighborhood Matters in Home Buying

With a growing emphasis on neighborly connections, the importance of the neighborhood itself has become a vital factor in the home buying process, with many buyers seeking a sense of community and belonging in their new residences. The pandemic has accelerated this trend, with 69% of Americans surveyed getting to know their neighbors better during this time.

Buyers are no longer just looking for a house; they're seeking a sense of community and connection. As a result, neighborhoods with strong community connections and neighborly vibes are becoming more desirable, ultimately driving up home value.

Home Sales Surge Amidst Pandemic

What is driving the remarkable surge in home sales, which have climbed a staggering 27% from last year, despite the pandemic's disruption to the economy?

The pandemic has accelerated shifts in housing market trends, with buyers seeking more space, comfort, and community.

Key indicators include:

• Existing-home sales up 27% year-over-year
• Construction of single-family homes at its highest pace since 2007
• Median existing-home prices rising by nearly 16%
• Housing sector performing well despite high unemployment levels
• Buyers finding higher prices and quick sales in the market

This surge in home sales is a reflection of the pandemic's impact on housing market trends, as Americans prioritize their living situations and seek a sense of community and belonging.

Smart Homes for Modern Living

While the pandemic has accelerated the desire for community and belonging, homebuyers are also increasingly prioritizing smart home technology to enhance their modern living experience. Fast connectivity is a top priority, with WiFi availability becoming a major selling point for homebuyers.

Smart devices are increasingly common, and high-speed internet is vital for their functionality. In fact, 71% of homebuyers consider smart home features essential or desirable. To ensure a smooth shift, buyers should inquire about connectivity before purchasing a home.

Multigenerational Homes on the Rise

A growing trend in home buying is the pursuit of multigenerational homes. This trend is driven by the desire to keep aging family members out of group setting facilities and provide a sense of comfort and security. The shift towards multigenerational living is fueled by the need for family bonding, health and caretaking, and cost savings.

• Providing a sense of comfort and security for aging family members

• Creating opportunities for family bonding and shared experiences

• Reducing the financial burden of separate living arrangements

• Ensuring health and caretaking needs are met

• Offering a sense of community and connection within the household

Frequently Asked Questions

How Do I Research a Neighborhood's Safety Before Making an Offer?

To research a neighborhood's safety, analyze crime rates through online crime maps and FBI's Uniform Crime Reporting (UCR) Program. Additionally, explore community resources, such as local police department's crime prevention programs and neighborhood watch initiatives.

Can I Request a Home Inspection to Check for Smart Home Compatibility?

'As you navigate the tech-savvy terrain, a smart home integration evaluation is a prudent move. Request a thorough home inspection that includes a technology assessment to guarantee seamless smart home compatibility, providing a future-proof foundation for your dream abode.'

Are There Specific Neighborhoods That Are More Popular With Multigenerational Families?

When seeking multigenerational homes, focus on neighborhoods with strong multigenerational dynamics and a neighborly atmosphere. Research areas with high percentages of multigenerational households, community programs, and proximity to amenities supporting intergenerational living.

What Are Some Common Smart Home Devices That Increase a Home's Value?

When evaluating smart home devices that increase a home's value, consider energy-efficient appliances, smart security systems, and home automation features that enhance convenience and eco-friendly living, ultimately boosting property appeal and resale value.

How Do I Determine if a Home Is in a Flood-Prone Area Before Buying?

To determine if a home is in a flood-prone area, conduct a flood risk assessment and review property elevation studies, which provide vital data on the property's elevation and flood zone designation, enabling informed purchasing decisions.