Real Estate
According to the 2021 State of the American Homeowner report by Unison:
“Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head.”
As a nation, we continue to work through the challenges of a pandemic that’s pushed us all to new limits. Over the past year and a half, we’ve spent more time than ever at home: working, eating, schooling, exercising, and more. The world around us changed almost overnight, and our homes were redefined. Our needs shifted, and our shelters became a place that protected us on a whole new level. The same study from Unison notes:
It’s no surprise this study also reveals that homeowners are now more emotionally attached to their homes as well:
As we’ve learned throughout this health crisis, homeownership can provide the safety and security we crave in a time of uncertainty. That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a home. As JD Esajian, President of CT Homes, LLC, says:
“Aside from the financial factors, there are several social benefits of homeownership and stable housing to consider. It has long been thought that buying a home contributes to a sense of accomplishment. Still, most individuals fail to realize that homeownership can benefit your mental health and the community around you.”
Whether you’re thinking of buying your first home, moving up to your dream home, or downsizing to something that better fits your changing lifestyle, take a moment to reflect on what Mark Fleming, Chief Economist at First American, notes:
“Buying a home is not just a financial decision. It’s also a lifestyle decision.”
If you’re considering buying a home, it’s not entirely about the dollars and cents. Don’t forget to weigh the non-financial benefits that may truly change your life when you need them most.
Stay up to date on the latest real estate trends.
Los Altos, nestled in the heart of Silicon Valley, offers a blend of suburban tranquility and natural beauty. For outdoor enthusiasts, the area boasts numerous hiking … Read more
After the election of Donald J. Trump, bond prices increased in anticipation of his inflationary policy positions. Interest rates are the most significant factor finan… Read more
Let’s talk about property taxes in California—a topic that often raises a few eyebrows and sometimes even a touch of confusion. But don’t worry; we’re going to break i… Read more
Explore Palo Alto’s incredible culinary scene with our guide to the best restaurants. Each place offers a unique experience, from the ambiance to the flavors that make… Read more
Moving to Los Altos offers more than just a beautiful place to live; it opens up a world of exciting dining. I’ll walk you through the top 10 restaurants that truly ma… Read more
Enough data has been released to suggest that home prices peaked nationally in June 2024, and won’t peak again this year. Of course, there will be deviations in local … Read more
You’ve got questions and we can’t wait to answer them.