![]() Many recent movers say starting a new chapter in their life was among the most rewarding parts of moving to a new home. A vast majority of recent movers - 80% - say their most recent move was worth it. The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere."Īfter their most recent move, more than half of Americans said they experienced happiness (54%) and relief (53%). "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. "The pandemic brought an acceleration of trends we were seeing in 20," says Zillow senior economist Jeff Tucker. Zillow saw for-sale inventory in these metros climb in the city, while inventory nationally hit new lows. Zillow's panel of experts predicted the Austin and Phoenix housing markets will outperform the national market this year.ĭata from northAmerican® Van Lines also finds some of the country's largest and most expensive housing markets saw the highest net outbound moves, including New York, Los Angeles, San Francisco and Chicago. 4 Those Sun Belt metros are expected to continue to surge in 2021. Phoenix, Charlotte, N.C., and Austin, Texas, saw the highest net inbound moves in the first 11 months of 2020, as recent movers sought out relative affordability and warmer weather. 3 New flexibility to telework has opened up those opportunities for many, and new real estate technology, like Zillow's 3D home tours and interactive floor plans, has enabled movers to get an immersive experience of a home from hundreds or thousands of miles away, offering added confidence for buyers shopping remotely. Among those recent movers, three quarters (75%) say they moved for positive reasons, such as being closer to family or friends or living in an area they've always dreamed of. More than 1 in 10 Americans (11%) have already moved during the pandemic, according to a new survey from Zillow conducted online by the Harris Poll. Zillow data finds a large majority of homeowners (70%) say they would be mostly or completely comfortable moving to a new home when there is widespread vaccine distribution. The COVID-19 vaccine is likely to change that and prompt many more people to move. Life and financial uncertainty are among the top reasons homeowners have not listed their home for sale during the pandemic. Zillow research has found a significant number of homeowners say they're more likely to move and sell their home as a result of the pandemic, representing an additional 8 million households that could enter a real estate market already driven by unrelenting demand. People want or need to move, even in a pandemic ![]() That inspired Zillow to publish its first ever Mover Report, a data-based dive into the people and emotions driving moves this spring home shopping season. Moving remains challenging, but it can bring more opportunity now than ever before, thanks in part to the rise of remote work. ![]() A new Zillow survey finds more than 1 in 10 Americans (11%) say they have already moved in the past year 1 - by choice or by circumstance - contributing to the Great Reshuffling, and millions of additional households could enter the real estate market as a result of the pandemic. SEATTLE, Ap/ PRNewswire/ - The pandemic has upended the meaning of home and prompted many of us to rethink how and where we want to live. Post a rental listing on the Zillow Rental Network, the largest rental network on the Web. ![]() Capture the attention of property managers. ![]()
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