Housing prices might still be high, but some pandemic fads are finally fading.
But some other pandemic-motivated changes didnt have the same staying power.
(So long,cloffice.)
Credit:David A Land | Prop Stylist: Raina Kattelson
Heres what the Zillow report found about what home means to Americans, half a decade later.
How Has the Housing Market Changed?
In the last five years, U.S. housing prices have skyrocketed, and that growth remains steady.
This remarkable growth is usually what economists see in a decade.
(There were 989,000 in early 2020.)
While the financial hurdle is higher, the home-shopping process has improved, Divounguy said.
Virtual tools are helping buyers make more informed decisions and reducing the time they spend on in-person tours.
For instance,Zillow Showcaseoffers more insights and AI-powered features to help buyers hone in on what they want.
But our extra time spent at home might be nearing an end.
Clofficesaka tiny offices inside closetsare no longer as popular.
The WFH trend declined to half its previous visibility by 2023.
