08/04/2021

People Flocked to These U.S. Metros During COVID-19

They departed major metropolitan areas for more affordable locations

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. 

“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.”

Please select this link to read the complete article from Yahoo! News.