As monthly payments have soared over the past year due to higher mortgage rates, buyers are looking for less expensive homes, and that means making compromises.
, almost half of home shoppers nationwide said they had converted a space at home into an office.
Todd Luong, a real estate agent with Re/Max DFW Associates, said many of his buyers’ home searches are on hold, and others have changed the kind of home they are looking for because of the affordability challenges. Scott Carnes, a real estate agent with Dave Perry-Miller Real Estate in Dallas, said he has seen less of an interest in home offices than during the height of the pandemic, as well as less interest in unique views and large swaths of land.
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