Some trends from the pandemic will stick. Others won't. But it looks like people moving to more affordable parts of the country are falling into the former category.
In a new report, Redfin says that 31.1% of its users looked to move to a different metro in the second quarter. That is an increase from 27.6% during the same period last year. However, it is slightly below the Q1 numbers.
"Some pandemic trends are here to stay, and moving to a more affordable part of the country is part of the new normal," said Redfin Chief Economist Daryl Fairweather in a prepared statement. "In fact, the Biden administration plans to make it easier for Americans to move to a new state by encouraging the FTC to ban certain occupational licensing restrictions. That would make it easier for a teacher, barber or electrician to move across state lines."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
