A survey by Redfin of people who moved to a different metropolitan area in the 12 months since March 2020 found similar trends. About two-thirds of respondents now have the same or lower housing costs, and nearly as many said their new home is the same size or bigger. The survey was made up of 500 people who use the online brokerage’s website.
Many Americans continued moving to more affordable and less densely populated areas in the first three months of this year, according to some 300,000 moves handled by relocation tech company Updater.
The company found that pricey metropolitan areas like New York, Los Angeles and Boston, or midwestern cities like Cleveland and Indianapolis, continued to lose residents in favor of largely Southern and Western cities such as Nashville, Phoenix, Dallas and Tampa, Florida.
Still, outflows from dense urban cities such as New York, San Francisco and Boston slowed in the first quarter, the company said.
Rising prices, a dearth of homes on the market and the ability to work remotely motivated many Americans to relocate last year, especially those eager to move out of dense urban areas in the Northeast like New York City in favor of more suburban areas.
In the Zillow analysis, some of the metropolitan areas that saw the highest net outbound moves last year were Chicago, Los Angeles, New York, San Diego and San Francisco. Among the cities that saw the biggest net gain in people moving in: Phoenix, Dallas, Austin, Texas, Charlotte, North Carolina and Sarasota, Florida.
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