Home buyers looking for more neighborly neighbors

Home buyers looking for more neighborly neighbors

Home buyers looking for more neighborly neighbors
As people spend more time at home, according to a new report from The Wall Street Journal, people are getting to know their neighbors much more. A survey of 2,500 Americans surveyed by ImproveNet shows that nearly 70 percent have gotten to know their neighbors better during the pandemic and 65 percent say they’ve made an effort to be friendlier.

Real estate professionals told WSJ that more buyers are searching for a community that fosters fellowship. With many separated from family and friends, Americans are finding that neighbors can fill the void of being socially distant from others through street games, driveway parties and children’s play dates.

Those looking to move to a new neighborhood will find that mortgage rates are near all-time lows with conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.375 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 (866) 381-8888 and your questions may be featured in an upcoming article.