Many homebuyers today want a “walkable” place to live. That means a home in a location where you don’t have to get in your car to go to restaurants, shops, movies, family, friends, or your workplace.

Walkability doesn’t necessarily mean being super close to all these things, or even that the street you’re on has sidewalks. Sidewalks are great for walkability, and so are bike paths. But what also contributes to a home’s walkability are its proximity to good public transportation and the availability of options such as car share and bike share services.

If a walkable place to live is important to you, check out the “walkability” index at Their Walk Score is available for any address in the U.S., Canada, and Australia. They also rank the largest 3,000 cities and more than 10,000 neighborhoods.

A recent survey reported that: A home’s walkability is becoming increasingly important to many in the “millennial generation” (people born since 1980).

  • four out of five millennials want to live where they have a variety of options to get to jobs and other daily needs;
  • three out of four say they would like to reside where they don’t need a car to get around;
  • two out of three say access to high quality transportation is one of their top three criteria in choosing a home;
  • more than half said they’d consider moving to another place if it had better options for getting around.

There’s still plenty of appeal to living in the suburbs, or out in the country where you do need a car. But walkability does have its benefits. You’re near the people and places you like. You have a variety of transportation choices. You usually have a shorter, more relaxed commute.

Whether or not walkability is your thing, please contact us when you’re ready to take advantage of the opportunities in this year’s housing market. We’re ready to help with today’s expanded financing options. We’re also happy to answer questions about refinancing your current home, or funding home improvements. Just call or email us any time…. Have a great day!

Related Articles

Today’s world is digital. Financial transactions such as a mortgage are no exception. Many companies offering majority-digital or completely digital transactions have opened within the past 10 years, making it appear as though physical lenders are obsolete or at a disadvantage. Despite what some potential homebuyers may think, however, obtaining…
Read More of the post 4 Major Reasons Why Physical Lenders Are Better Than Digital Ones

In your search for the perfect place, you may have found homes in your market that are a bit out of your price range. Or, you may have found that you don’t have the traditional 20% down payment to buy a home. If you feel that you don’t have enough…
Read More of the post How an FHA Loan Can Help You Secure Your Ideal Home

The current turbulent economic and social environment has changed how many Americans spend their time and money; that’s a fact. However, this doesn’t mean you can’t have the home you’ve always wanted. Whether you’ve been simply entertaining the idea of buying a home or are already 100% sure, it’s worth…
Read More of the post Four Ways to Capitalize on Homebuying During 2020

Factors such as student loan debt, competitive real estate markets and low housing stock relative to demand have made many people believe that homeownership is beyond their reach. These issues can make homebuying seem intimidating, but they should not prevent you from making your dream of owning a home come…
Read More of the post How Can I Afford a Home? What Are My Options?

We recognize this is a difficult time for many people. Click here or call 866-913-2951 for more information and to learn about current options available to our borrowers.