Recently we saw a report about where homebuyers want to live. Today, we’re looking at where renters are moving to & from. According to Apartment List’s latest Migration Report, migration of renters was impacted by one of the most significant societal shifts brought about by the COVID-19 pandemic – the widespread adoption of remote work that allowed some workers to pursue longer-distance moves. The report says that in Q1 2022, 40% of Apartment List users were searching to move to a new metro area and 27% were searching in a completely different state. Indeed…
“As we emerge from the pandemic, five metros are behaving like revolving doors and show up in both lists: San Jose CA, Raleigh NC, Denver CO, Austin TX, and Nashville TN. All five benefit from technology-driven economies that offer relatively high wages, but also struggle with relatively expensive housing markets…”
Click here to read the full report at Apartment List.
