Zillow looked at trends in real estate and relocation.
Lots of Americans moved last year and found larger homes for less money. Specifically, folks found homes that were, on average, $27,000 less than what a comparable home would cost in their prior zip code. The study shows that many Americans took advantage of the pandemic as a time to get away from their overpriced metropolitan.
Jeff Tucker is a senior economist at Zillow, and he explained, “What that suggests to me is more movement away from the more expensive housing markets in the country.”
Folks moved away from areas like New York, Los Angeles, Boston, Cleveland and Indianapolis. Many relocated to: Nashville, Phoenix, Dallas and Tampa.
The cities that had the biggest net gain in population included: Phoenix, Dallas, Austin, Texas, Charlotte, North Carolina and Sarasota.
The affordable housing and sunshine are big draws.
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