U.S. Migration Patterns Before & After the Start of the Pandemic - Real Estate Investing Today
U.S. Migration Patterns Before & After the Start of the Pandemic - Real Estate Investing Today
Abstract
A recent report from the Federal Reserve Bank of Chicago’s Midwest Economy Blog crunches recent moving data to examine moving patterns between states, metropolitan areas, and other locations across America. Primarily, migration patterns in 2018 & 2019 compared with those for 2020 and 2021. “Our analysis of United Van Lines data shows that the patterns of pre-pandemic moves were mostly the same as those of pandemic-era moves. However, the number of moves was substantially lower.”
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We love good data about moving and although this data isn’t eye-popping, it is certainly another one to add to the stack. A recent report from the Federal Reserve Bank of Chicago’s Midwest Economy Blog crunches recent moving data to examine moving patterns between states, metropolitan areas, and other locations across America since the onset of the Covid-19 pandemic. Primarily, migration patterns in 2018 & 2019 compared with those for 2020 and 2021. “Our analysis of United Van Lines da...
We love good data about moving and although this data isn’t eye-popping, it is certainly another one to add to the stack. A recent report from the Federal Reserve Bank of Chicago’s Midwest Economy Blog crunches recent moving data to examine moving patterns between states, metropolitan areas, and other locations across America since the onset of the Covid-19 pandemic. Primarily, migration patterns in 2018 & 2019 compared with those for 2020 and 2021. “Our analysis of United Van Lines da...
From new trends in the soaring Sun Belt to heavy losses for some heavy hitters, here's a look at migration patterns that are likely to shape the economy in the post-pandemic era.
From new trends in the soaring Sun Belt to heavy losses for some heavy hitters, here's a look at migration patterns that are likely to shape the economy in the post-pandemic era.
The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas, according to Redfin.
The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas, according to Redfin.
Sales of new U.S. homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates.
Sales of new U.S. homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates.
The Tax Break Commercial Real Estate Investors Might Need After The Pandemic The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income. Favorable rules, whi...
The Tax Break Commercial Real Estate Investors Might Need After The Pandemic The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income. Favorable rules, whi...
Among the 10 wealthiest ZIP codes, the average portion of households making at least $200,000 in 2020 was 46%.
Among the 10 wealthiest ZIP codes, the average portion of households making at least $200,000 in 2020 was 46%.
Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report from Redfin. That is the highest share since early 2020, when homebuying paused immediately, albeit briefly. Cancelations were at about 11% one year ago. Higher mortgage rates and surging inflation are causing many potential homebuyers to reconsider ...
Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report from Redfin. That is the highest share since early 2020, when homebuying paused immediately, albeit briefly. Cancelations were at about 11% one year ago. Higher mortgage rates and surging inflation are causing many potential homebuyers to reconsider ...
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
New listings of luxury homes increased in 16 of the top 50 metros.
getty
New listings of luxury homes increased in 16 of the top 50 metros. Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That’s according to an a...
Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
New listings of luxury homes increased in 16 of the top 50 metros.
getty
New listings of luxury homes increased in 16 of the top 50 metros. Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That’s according to an a...
Rising mortgage rates and continued tight supply caused home sales to drop to the lowest level since the start of the pandemic.
Rising mortgage rates and continued tight supply caused home sales to drop to the lowest level since the start of the pandemic.
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.
The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.
This is the sixth-straight monthly decline and the lowest sha...
Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.
The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.
This is the sixth-straight monthly decline and the lowest sha...