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Rent prices are spiking in Pheonix, Las Vegas and elsewhere as Americans return to cities
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Rent prices are soaring as Americans flock back to cities
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Rent prices are soaring as Americans flock back to cities
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Published July 09. 2021 12:01AM
Americans who made out-of-town moves last year typically paid less money for larger houses, according to a new Zillow® analysis of moving data from northAmerican® Van Lines.
That s a sharp break from the trend in recent years. The housing market s impressive strength in 2020 paired with a newfound motivation to move helped sellers cash in on quickly rising home values to find places that better suit their needs namely, bigger homes in less-expensive areas.
Movers went to ZIP codes where sold homes are 33 square feet larger on average than where they came from roughly the size of a walk-in closet or extra bathroom. This was a significant jump from the 9-to 21-square foot step-up movers have taken in recent years.
Crawford: City eager to work with Tucker in Brownwood Hotel project
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