{"id":26947,"date":"2023-08-21T17:04:59","date_gmt":"2023-08-21T23:04:59","guid":{"rendered":"https:\/\/nadinekirk.com\/?p=26947"},"modified":"2023-08-21T17:04:59","modified_gmt":"2023-08-21T23:04:59","slug":"where-are-people-moving-today-and-why","status":"publish","type":"post","link":"https:\/\/nadinekirk.com\/where-are-people-moving-today-and-why\/","title":{"rendered":"Where Are People Moving Today and Why?"},"content":{"rendered":"
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Plenty of people are\u00a0still moving<\/a>\u00a0these days. And if you\u2019re thinking of making a move yourself, you may be considering the\u00a0inventory<\/a>\u00a0and affordability challenges in the\u00a0housing market<\/a>\u00a0and wondering what you can do to help offset those. A new\u00a0report<\/a>\u00a0from\u00a0Gravy Analytics<\/em>\u00a0provides insight into where people are searching for homes and what they\u2019re prioritizing most right now. That information could help you plan your own move.<\/p>\n

1. People Are Moving to Cities with Lower Housing Costs<\/h4>\n

One big factor motivating where buyers are going is affordability and that\u2019s no big surprise. People are relocating to areas that have less expensive housing options. As a result, small cities are thriving.\u00a0Hannah Jones, Economics Data Analyst at\u00a0Realtor.com<\/em>,\u00a0summarizes<\/a>\u00a0why:<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cAffordability is still very much front and center . . . a lot of what\u2019s available is outside of the price range of many buyers. . . . so they look elsewhere for a little more bang for the buck.\u201d<\/em><\/p><\/blockquote>\n

The takeaway for you? If you\u2019re having trouble finding a home that fits your budget, it may help to browse other, more affordable locations nearby.<\/p>\n

2. People Want to Live Where They Vacation<\/h4>\n

And, if you\u2019re already expanding your search radius, you may be able to include a location that features your favorite type of destination, like a suburb near the beach or a mountain town. Data shows many other homeowners are making that type of move a priority today.\u00a0According<\/a>\u00a0to the same report from\u00a0Gravy Analytics<\/em>:<\/p>\n

\u201cWhether it\u2019s the opportunity to enjoy more weekend hikes in the mountains or to wake up to a lakeside sunrise, people are moving to areas that were once thought of as vacation spots.\u201d<\/em><\/p><\/blockquote>\n

Even with today\u2019s\u00a0home prices<\/a>\u00a0and\u00a0mortgage rates<\/a>, here\u2019s why a move like this could be possible for you. If you\u2019re already a homeowner, the\u00a0equity<\/a>\u00a0you\u2019ll get when you sell your current house can help fuel that move and give you the down payment you\u2019d need for your dream home.<\/p>\n

3. People Who Work Remotely Are Taking Advantage of that Flexibility<\/h4>\n

Ongoing\u00a0remote work<\/a>\u00a0is another major factor in where people are moving. A recent\u00a0report<\/a>\u00a0from the\u00a0McKinsey Global Institute<\/em>\u00a0says this about recent movement patterns:<\/p>\n

\u201cMany of these moves happened because\u00a0<\/em>employees untethered from their daily commutes began to care less about how far they lived from the office<\/em>.\u201d<\/em><\/p><\/blockquote>\n

If you\u2019re a remote or hybrid worker, you don\u2019t have to live in the same city, or sometimes even the same state, as your job. That means you can prioritize other things, like being closer to loved ones, when buying a home.<\/p>\n

In fact, the same\u00a0McKinsey Global Institute<\/em>\u00a0report\u00a0notes<\/a>\u00a0for people who moved during the pandemic,\u00a055% reported moving farther from the office. And since remote work is still a popular choice today, homebuyers will likely continue to take advantage of that flexibility.<\/p>\n

Bottom Line<\/h3>\n

Lots of people are still\u00a0moving<\/a>\u00a0today. If you want help navigating today\u2019s inventory or affordability challenges, and expert advice to\u00a0help<\/a>\u00a0you find your ideal home, let’s connect.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Plenty of people are\u00a0still moving\u00a0these days. And if you\u2019re thinking of making a move yourself, you may be considering the\u00a0inventory\u00a0and affordability challenges in the\u00a0housing market\u00a0and wondering what you can do to help offset those. A new\u00a0report\u00a0from\u00a0Gravy Analytics\u00a0provides insight into where people are searching for homes and what they\u2019re prioritizing most right now. That information could […]<\/p>\n","protected":false},"author":4,"featured_media":26948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4],"tags":[54],"yoast_head":"\nWhere Are People Moving Today and Why? - Nadine Kirk<\/title>\n<meta name=\"description\" content=\"Plenty of people are\u00a0still moving\u00a0these days. 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