New data from the National Association of Realtors 2020 Profile of Home Buyers and Sellers<\/a> reports, changes in America\u2019s housing market due to the pandemic. The report shows those who purchased their home after March, were more likely to buy a multi-generational home. Buyers were interested in homes with more rooms, bigger yards and more square footage. Overall, larger homes with more space. Moving to the suburbs is also among the trends noted.<\/p>\n Forbes<\/a> talked real estate experts and kept hearing the following desirables mentioned regarding the post-pandemic future of home buyers: warmer, safer, smaller, stabler, lower taxes, less regulation and fewer lockdowns. Forbes says, \u201cAmericans seek warmer, healthier, less dense, better educated and more mobile places to live that offer closer access to the outdoors, better hospitals, smaller schools and more space\u2026\u201d<\/p>\n Not all are abandoning the lifestyle change of downsizing. It has many advantages especially for those enduring a rough economic situation.<\/p>\n Advantages<\/strong><\/p>\n More money<\/em>-homeowners could walk away with a smaller mortgage and pay cash for a new home, leaving some money in the wallet to pay off debt<\/p>\n Easier to maintain<\/em>-a smaller home requires less work to clean<\/p>\n Lower bills<\/em>-it costs less to heat and cool your home<\/p>\n Reduced consumption<\/em>– homeowners are less likely to acquire things they don\u2019t need<\/p>\n Minimized stress<\/em>-no longer dealing with the demands of a larger home and it offers more flexibility to homeowners<\/p>\n Downgrading your home sounds ideal but it is not for everyone. \u201cEvaluating your season of life and your current financial situation is crucial,\u201d says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance,<\/a> Florida\u2019s leading independent homeowners insurance<\/a> agency. Below are some reasons you might want to stay put or look for something bigger.<\/p>\n Disadvantages<\/strong><\/p>\n Less belongings<\/em>-Are you ready to purge?<\/p>\n No room<\/em>-if hosting and entertaining are important, a smaller home will stifle that ability<\/p>\n Less space<\/em>-some homeowners feel cramped because there is less space to move around. Having distance from family members to enjoy privacy or quiet time is a priority to many family members, particularly during quarantine or lock-down. Also, do you need a home office, school office or gym space?<\/p>\n Lifestyle change<\/em>-Everyone has experienced a lifestyle change this year. Do you anticipate your future looking different with work, school, church and social activities? Does your current home accommodate those changes?<\/p>\n Whether you are downsizing into a condo or apartment or upgrading into a more spacious home, GreatFlorida Insurance<\/a> has all your home insurance<\/a> needs covered.<\/p>\n Downsizing has been a popular real estate trend across the country over the past few years. However, with coronavirus comes change. Social distancing is now a factor, as well as school from home, work from home and financial distress for many Americans. \u201cAll these new situations are causing homeowners to reassess their housing needs,\u201d says […]<\/p>\n","protected":false},"author":1219,"featured_media":8554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,10,8,82,9],"tags":[],"class_list":{"0":"post-8548","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homeowners-insurance","8":"category-floridainsurance","9":"category-florida-insurance-industry","10":"category-renters-insurance","11":"category-rv-insurance","12":"category-umbrella-insurance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/users\/1219"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/comments?post=8548"}],"version-history":[{"count":6,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8548\/revisions"}],"predecessor-version":[{"id":13678,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/posts\/8548\/revisions\/13678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media\/8554"}],"wp:attachment":[{"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/media?parent=8548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/categories?post=8548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatflorida.com\/blog\/wp-json\/wp\/v2\/tags?post=8548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.greatflorida.com\/blog\/wp-content\/uploads\/2020\/12\/2020-10-phs-housing-snapshot-infographic-11-30-2020-1300w-1590h-837x1024.png\")
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