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People flocked to these US metros during COVID-19
Yahoo Finance
People flocked to these US metros during COVID-19
Amanda Fung · Editor
Wed, August 4, 2021, 8:00 AM
Spacious affordable homes in less populated metropolitan areas are hot, while small expensive apartments in densely populated areas are not. Warmer weather also appeals to homebuyers.
The COVID-19 pandemic shifted homebuyers’ preferences in a major way, making these three cities the hottest cities in the U.S. last year. Riverside-San Bernardino-Ontario, Calif.; Lakeland-Winter Haven, Fla.; and Myrtle Beach-Conway-North Myrtle Beach, SC-NC were the the top metros for the most inbound residents, according to CoreLogic’s "2020's Hottest Cities for Homebuyers" report, the property data analytics firm's first annual list of the nation’s top 15 metros for residential in-migration and out-migration.
Not so surprising, New York-Newark-Jersey City, NY-NJ-PA; Los Angeles-Long Beach-Anaheim, Calif.; and San Francisco-Oakland-Berkeley, Calif., were the top three metros with the most outbound residents.
“We are seeing a reshuffling,” said Frank Nothaft, chief economist at CoreLogic. “People are moving to areas of lower population and lower cost of living.”
{snip}
People flocked to these US metros during COVID-19
Amanda Fung · Editor
Wed, August 4, 2021, 8:00 AM
Spacious affordable homes in less populated metropolitan areas are hot, while small expensive apartments in densely populated areas are not. Warmer weather also appeals to homebuyers.
The COVID-19 pandemic shifted homebuyers’ preferences in a major way, making these three cities the hottest cities in the U.S. last year. Riverside-San Bernardino-Ontario, Calif.; Lakeland-Winter Haven, Fla.; and Myrtle Beach-Conway-North Myrtle Beach, SC-NC were the the top metros for the most inbound residents, according to CoreLogic’s "2020's Hottest Cities for Homebuyers" report, the property data analytics firm's first annual list of the nation’s top 15 metros for residential in-migration and out-migration.
Not so surprising, New York-Newark-Jersey City, NY-NJ-PA; Los Angeles-Long Beach-Anaheim, Calif.; and San Francisco-Oakland-Berkeley, Calif., were the top three metros with the most outbound residents.
“We are seeing a reshuffling,” said Frank Nothaft, chief economist at CoreLogic. “People are moving to areas of lower population and lower cost of living.”
{snip}