Moving to Austin, Texas, is in vogue; two children are playing in their new home; and the median home price in Austin has risen 26 percent from its pre-epidemic level.
As the epidemic hits, more people are getting used to the pattern of working from home at a distance, allowing people to move further away, causing the housing market in many cities to gradually heat up; according to the National Association of Realtors (NAR) survey, by the end of 2020, the national average home price was already 15 percent higher than the previous year, and up to 88 percent of metropolitan areas were showing double-digit or higher home price growth; especially in the previously less visible The “second-tier cities” have seen even greater growth.
In Austin, Texas (Austin), for example, because Apple and Tesla set up factories here, the median home price in Austin has risen 26% compared to the pre-epidemic period, and an average of 150 people move into the city every day; local real estate agent Sheppard (Justin Sheppard) said: “Some people are coming to work, but there are a lot of people because they can work far away. work, so they choose to move here from the coastal metro area.”
According to economists and housing market experts, several areas of the country with high in-migration rates share some common characteristics: they are more affordable than metropolitan areas and therefore attract residents who can work long distances from the coast; they are smaller cities with a less compact pace of life than coastal metros, which is ideal for urbanites.
Several cities that are doing well in the housing market include Boise, Idaho (Boise), Detroit, Michigan (Detroit), Pittsburgh, Pennsylvania (Pittsburgh), etc. Real estate expert Chris Glynn predicts that the most promising places in 2021 include Denver, Phoenix, Nashville, Tampa, Nashville, and Nashville. Nashville), Tampa (Tampa) and other places.
“In addition to being cheaper, these places are located on the sunbelt and have nine to 12 months of the year for outdoor activities.” Green said.
However, the ecology of real estate transactions is very different from the past. In the past, it was primarily a “buyer’s market,” where the original owner would do what he or she could to sell the property, but during an epidemic, most people don’t want to risk moving without an emergency, so real estate has become a “seller’s market.
For example, the Vaughns, who moved from San Francisco to Austin, agreed with the original owners to take ownership of their home and allow them to live in it for a period of time without compensation in order to buy the house they wanted.
The move to Austin, Texas, is in the midst of an epidemic; two children are playing in their new home; and the median home price in Austin has risen 26 percent from its pre-epidemic level.
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