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Indianapolis real estate broker says people are buying homes to fit their new norm

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Posted at 9:53 AM, Feb 24, 2021
and last updated 2021-02-24 09:53:47-05

INDIANAPOLIS — It appears real estate is seeing a surprising boom as people try to adjust to the new normal.

“Buyers used to purchase homes for entertaining family and friends now they are purchasing for lifestyle changes based on needs. They are looking for home offices and areas for student study and family rooms for game nights, pizza and movies,” said Tonya Kinchelow, a real estate broker.

It seems staying six feet apart from anyone who isn't family, learning and working remotely has led buyers to look for those features in their next home.

“Now that we are at home, we need every area of our home to accommodate our life,” said Kinchelow.

In 13 years, Kinchelow says she's never seen anything like it but business is good right now real good.

“There's just not a lot of inventory on the market, so as soon as a house comes on the market buyers are swooping in and you are getting multiple offers,” said Kinchelow.

She thinks it just makes sense to buy right now.

“Now is a great time to buy a home because interest rates are still really low,” said Kinchelow

As she mentioned, there isn't a lot of inventory right now so if you do find a spot that meets all of your pandemic needs it could slip away if you wait too long.

Kinchelow has also noticed that parents are moving in with their children during the pandemic so that’s impacting the search for a new home.