Skip to main content

Zillow Releases 2021 Mover Report Exploring The 'Great Reshuffling'

Apr 06, 2021
Photo of a couple packing to move.
Director of Events

The COVID-19 pandemic has altered the lifestyle of folks across the world. Here in the U.S., it caused more than 1 in 10 Americans to move in the past year by choice or by circumstance, according to Zillow's 2021 Mover Report. It is this impact that has led to the Great Reshuffling and the company believes millions of additional households could enter the real estate market as a result of the pandemic.

The report states that people either wanted to or needed to move during the pandemic. For some folks, that meant selling their which according to Zillow, represents an additional 2.5 million households that could enter the real estate market already being driven by incredible demand.

"Among those recent movers, 75% say they moved for positive reasons, such as being closer to family or friends or living in an area they've always dreamed of," according to Zillow.

Additionally, the new flexibility to work remotely has opened up those opportunities for many and new real estate technology has also made it easier for folks to purchase or sell their homes during the pandemic.

According to the Mover Report, the Sun Belt topped all moving destinations with Phoenix, Charlotte, NC and Austin, TX seeing the highest net inbound moves in the first 11 months of 2020.

"The pandemic brought an acceleration of trends we were seeing in 2018 and 2019," said Zillow senior economist Jeff Tucker. "More affordable, medium-sized metro areas across the Sun Belt saw significantly more people coming than going, especially from more expensive, larger cities farther north and on the coasts. The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere."

Click here to read more findings from Zillow's 2021 Mover Report.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Apr 06, 2021
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024