{"id":9008,"date":"2023-08-14T06:30:00","date_gmt":"2023-08-14T10:30:00","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9008"},"modified":"2023-08-14T06:30:00","modified_gmt":"2023-08-14T10:30:00","slug":"where-are-people-moving-today-and-why-2","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=9008","title":{"rendered":"Where Are People Moving Today and Why?"},"content":{"rendered":"
\"Where<\/p>\n

Plenty of people are still moving<\/a> these days. And if you\u2019re thinking of making a move yourself, you may be considering the inventory<\/a> and affordability challenges in the housing market<\/a> and wondering what you can do to help offset those. A new report<\/a> from Gravy Analytics<\/em> provides 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<\/strong><\/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. <\/span>Hannah Jones, Economics Data Analyst at Realtor.com<\/em>, summarizes<\/a> why:<\/p>\n

\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<\/strong><\/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. According<\/a> to the same report from Gravy 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 home prices<\/a> and mortgage rates<\/a>, here\u2019s why a move like this could be possible for you. If you\u2019re already a homeowner, the equity<\/a> you\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 <\/strong><\/h4>\n

Ongoing remote work<\/a> is another major factor in where people are moving. A recent report<\/a> from the McKinsey Global Institute<\/em> says this about recent movement patterns:<\/p>\n

\u201cMany of these moves happened because <\/em>employees untethered from their daily commutes began to care less about how far they lived from the office<\/em><\/strong>.\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 <\/span>McKinsey Global Institute<\/em> report <\/span>notes<\/a> for people who moved during the pandemic, <\/span>55% reported moving farther from the office<\/strong>. And since remote work is still a popular choice today, homebuyers will likely continue to take advantage of that flexibility.<\/span><\/p>\n

Bottom Line<\/h3>\n

Lots of people are still moving<\/a> today. If you want help navigating today\u2019s inventory or affordability challenges, and expert advice to help<\/a> you find your ideal home, connect with a trusted real estate agent.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Plenty of people are still moving these days. And if you\u2019re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-9008","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9008"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/9008\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}