Zillow says the pandemic brought changes that make people more likely to move. They say that the pandemic has upended the meaning of home and prompted many of people to rethink how and where they want to live. In their new 2021Mover Report, The Opportunity, Emotion and Trends Behind the Great Reshuffling, they point out that more than 1 in 10 Americans (11%) say they have already moved in the past year – either by choice or by circumstance. They say this has contributed to a “Great Reshuffling,” with millions of additional households potentially entering the real estate market as a result of the Coronavirus pandemic. Indeed…
“The pandemic brought an acceleration of trends we were seeing in 2018 and 2019,” says Zillow senior economist Jeff Tucker. “More affordable, medium-sized metro areas across the Sun Belt saw significantly more people coming than going, especially from more expensive, larger cities farther north and on the coasts. The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”
Click here to read the full report at Zillow.com.
