“That's driven by the ability to work remotely, but it's also driven by the fact that people do not feel safe in cities anymore,” Rodney says.Ĭost, of course, is also a factor in bolstering the appeal of suburban and rural properties. Among those prospective homeowners, more than half are considering rural and suburban destinations, Harris found. And that makes sense, given that COVID-19 lockdowns forced many Americans to live and work much more out of their homes than pre-pandemic-making extra space a premium.ĭespite the current difficulties in buying a home amid rising interest rates and persistently low inventory, 39% of Americans surveyed want to move to a new home in the next three years. The biggest reason for these moves? More space, according to about two-thirds of the survey respondents. The spontaneous nature of the moves likely caused financial stress or may have led more people to make compromises on the location or nature of the property they’ve now come to second guess. That may be due, in part, to the fact that the majority of those who chose to relocate (59%) say the decision was unplanned or unexpected. Of those who changed addresses in the last two and a half years, 44% reported that they now regret moving to their current home. The survey, fielded in mid-November, included a nationally representative sample of nearly 2,000 U.S. One in five Americans have moved since the COVID-19 pandemic hit in March 2020, according to a new survey from The Harris Poll shared exclusively with Fortune.
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