Skip to main content

Zillow Releases 2021 Mover Report Exploring The 'Great Reshuffling'

Navi Persaud
Apr 06, 2021
Photo of a couple packing to move.

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.

Published
Apr 06, 2021
Finance of America To Acquire Assets of AAG

The transaction is expected to close in the first half of 2023.

Industry News
Dec 07, 2022
Fairway Offers Down Payment Assistance To Some First-Time Buyers

The Fairway Community Access program is limited to specific majority-minority communities.

Industry News
Dec 07, 2022
RMF: Payments Going Out In The Next 24 Hours

Company filed for Chapter 11 bankruptcy last week.

Industry News
Dec 06, 2022
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022