While the pandemic and working from home spurred an exodus from major city centers, very few Americans chose to move in 2022, and probably for good reason: moving isn’t fun.
The big picture: Around According to recent data from Home Bay, a website that provides real estate research, 75% of people who moved have regrets and 44% of people said they cried at least once during the move.
Despite her regrets People approached the move with mostly positive emotions, with 65% saying they were excited, hopeful or relieved.
- Still, about 59% of people said they felt stressed, anxious, frustrated, or dreading their move.
- Of 1,000 people surveyed about their moving experience last year, 20% wish they had never moved and another 20% wish they had opted for a larger home.
What’s up: After a chaotic boom in the housing market during the pandemic, the market is becoming more buyer-friendly. Mortgage rates are still hovering around 6%, cooling the market.
- When people move, affordability is really the draw. Cheaper areas in the sun belt have experienced an influx, reports Sami Sparber from Axios.
- 25% of people moved from cities to suburbs and 31% of rural people moved to suburbs.
- Still, 40% of people said they would rather live in a city if money weren’t an issue.
- Given the cost of long-distance moves, most people – 61% – moved within 20 miles of their previous home.
- California, on the other hand, was the state from which people moved most frequently. But More than a quarter of respondents said California is their dream state to live in, particularly in the Los Angeles area if money is not an issue.
