As monthly mortgage payments have soared over the past year due to higher interest rates, buyers are on the hunt for less expensive homes if they haven’t called off their search entirely. That could mean making some compromises.
Just 5% of Texas homeowners said they prioritize at-home offices, gyms and larger square footage when looking for a new home in an August survey conducted by Opendoor.
That’s a big shift from the start of the pandemic, when home offices were a hot commodity for buyers. In a 2020 study by Realtor.com, almost half of home shoppers nationwide said they had converted a space at home into an office.
