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NC Real Estate Market Explodes In Wake Of Pandemic


WFAE
Winston-Salem real estate agent Jason Bragg can’t remember the last time he saw a home market as hot as North Carolina’s is right now.
“I had a listing two weeks ago where we had over a hundred showings everybody lined up for a few days,” he said. “The average home sells in a week or less it’s pretty common for people to put their house on the market and receive multiple offers.”
One of the most unexpected effects of the COVID-19 pandemic has been its impact on housing in the United States. Shortages of homebuilding materials due to factory shutdowns and other supply chain disruptions have made the price of lumber and other supplies soar to record highs if they’re available at all. ....

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Arkansas ranks as a top destination for talent relocating to midsize markets


With the growing attractiveness of midsize markets, Arkansas is poised to benefit from the relocation of skilled workers. Talent migration to southern and western states has been a prevalent pattern for several years, but the trend has accelerated during the COVID-19 pandemic.
The desire for an alternative to major cities is often attributed to the remote work shift, expensive housing markets, and densely populated metros. Larger metros are losing some of the appeal that previously attracted talent, while midsize markets provide an alternative for individuals and companies looking to minimize cost and maximize quality of life.
Affordability is key to recent talent migration patterns. In more expensive markets, companies are finding it hard to retain talent. The country’s largest cities, including Los Angeles, New York, and Chicago, are experiencing population losses. Lower cost of living is a huge driving factor for individuals relocating to smaller markets. ....

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