One of the most surprising trends observed during the coronavirus pandemic was the number of Americans who relocated to suburbs further away from the office, taking advantage of the lack of commute as they were allowed to work from home. Rural towns saw a surge in homebuying volume as work-from-home households sought to get away from the big city that there were tied to because of their jobs.
But as the pandemic stretches on in to its nineteenth month, many people claim they are missing their commute to the office. In a survey conducted by Compare.com, an auto insurance website, more than half of American workers say they enjoy their commute to work. As reported by Realtor.com, most workers say the time in the car or train to work gives them time to themselves, an opportunity to prepare for their day and time to unwind on the way home.
Only 21 percent of the 1,000 American workers surveyed consider their commute a negative part of the day. However, as much as workers don’t mind their commute, many respondents also say they want to do less of it and enjoy working from home as well.
Today, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (877) 700-0942 and your questions may be featured in an upcoming article.
