The trend in recent reports is showing that there is a sudden increase in people migrating from urban areas to suburbs. While it is true that many Americans are feeling cramped in the cities and wanting the increased space that the suburb offers, is it really because of the COVID-19 pandemic?
Mass migration from cities to the suburb areas is true.
First American Chief Economist Mark Fleming shared his insights regarding the rumors about pandemic-driven migration in America. While the increase may also be because of the COVID-related safety measures by working from home, he firmly believes that COVID-19 pandemic is not the only factor for the shift toward the suburbs that is currently happening.
Further analysis of the data confirms that the pandemic has accelerated the trend and summarizes their findings. “While our analysis may not yet confirm the widely discussed pandemic-driven sprint to the burbs, faint signals of a jog are picking up pace.
2 replies to "Is Covid-19 Driving People To Migrate To Suburb?"
[…] people started to consider larger homes with more outdoor space. This has caused a flight to the suburbs, in some […]
[…] is mainly due to historically low mortgage interest rates and shortage of home supply. The suddenly increased migration attributed to remote working during the pandemic has added to the contributing […]