With both workers and employers embracing remote working to some extent from full-time to hybrid models, both workers and employers are looking at reduced real estate costs. They’ll in turn say hello to more affordable destinations such as Miami, Austin, Nashville, Idaho, Montana and Utah. Many younger workers as well as employers already have or will soon say good-bye to large, densely packed, expensive metros. Affordability Name of Game for Both Workers and Employers Continued historically low interest rates, preferences for more room inside and outside the home, and the freedom to work from wherever are among the leading factors that will drive another booming home sales market.Īnd, let’s not forget the primary reason people have been and will continue to pack up, financial strain. Ed Carey, CEO of Audience Town, said that this moving trend will, “redefine the national landscape.” “Massive” Year for Residential Real EstateĬarey of Audience Town believes that 2021 will be a “massive” year for residential real estate sales.
Why? Because so many people did it…some 5% or 1 in 20 of our population moved, according to Pew Research.Įven more people are expected to move this year than in 2020…an additional 11.7M movers just between April and June 2021, according to Audience Town research.
We’ve been writing a lot lately about how many and where a significant number of the population moved during 2020. 1 in 20, 5% of population, moved because of COVID pandemic, according to Pew ResearchĬOVID Movers Likely to Redefine National Landscape.