11% Of Americans Moved During The Pandemic: Zillow Survey :

11% Of Americans Moved During The Pandemic: Zillow Survey


Inman Connect
The pandemic has upended the way millions of Americans live and work, which has led to what experts call “The Great Reshuffling” from urban coastal hubs to nearby or far-flung suburbs with more space and lower prices.
According to a Zillow survey of 2,500 Americans released on Tuesday, 11 percent of buyers moved last year with the majority (75 percent) leaving their locales to take advantage of lower home prices or be closer to family. Another 70 percent said they’d consider making a move once there’s widespread vaccine distribution.
“The pandemic brought an acceleration of trends we were seeing in 2018 and 2019,” Zillow Senior Economist Jeff Tucker said in the survey. “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.”

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