{"id":499712,"date":"2021-05-28T08:33:32","date_gmt":"2021-05-28T12:33:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/"},"modified":"2021-05-28T08:33:32","modified_gmt":"2021-05-28T12:33:32","slug":"eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/","title":{"rendered":"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">May 28, 2021<\/span> \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 About two-thirds of surveyed Redfin.com users who relocated over the last year have the same or lower housing costs, and almost as many said their new home is the same size or bigger. That&#8217;s according to a new\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=3689509138&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpandemic-relocation-more-disposable-income%2F&amp;a=report\" rel=\"nofollow noopener\">report<\/a><\/u>\u00a0from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=3074213872&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>), the technology-powered real estate brokerage. Key findings from Redfin&#8217;s recent survey of Redfin.com users who moved to a different metro area from <span class=\"xn-chron\">March 2020<\/span> through March 2021:\u00a0<\/p>\n<ul type=\"disc\">\n<li>78% have the same or more disposable income after their move.\u00a0 <\/li>\n<li>68% have the same or lower housing costs than before their move.\u00a0 <\/li>\n<li>64% moved into a home that&#8217;s the same size or bigger than their previous residence.\u00a0\u00a0 <\/li>\n<li>80% have no regrets about their decision to relocate. <\/li>\n<li>80% are happier post-move.\u00a0<\/li>\n<\/ul>\n<p>Redfin conducted the survey during the first two weeks of April, surveying about 500 Redfin.com users who moved to a different metro area in the last year or plan to relocate in the next year. While housing costs went down and disposable income went up for many respondents, 64% reported moving into a house that&#8217;s bigger or at least the same size as their previous home\u2014likely because many homebuyers moved to metro areas with more affordable housing.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3594\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1520533\/Redfin_Survey.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1520533\/Redfin_Survey.jpg\" title=\"78% Who Moved Report Having the Same or More Disposable Income Post-Move\" alt=\"78% Who Moved Report Having the Same or More Disposable Income Post-Move\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>For 27% of respondents who have either moved in the last year or plan to move in the next year, living somewhere more affordable is a motivating factor in their move, and 21% said they&#8217;re relocating to live somewhere with lower taxes.\u00a0<\/p>\n<p>&#8220;I recently worked with a couple that listed their home in <span class=\"xn-location\">Los Angeles<\/span> and moved to <span class=\"xn-location\">Ohio<\/span> because the wife was able to work remotely,&#8221; said Los Angeles Redfin agent <span class=\"xn-person\">Lindsay Katz<\/span>. &#8220;The house sold for more than <span class=\"xn-money\">$1 million<\/span> and they bought a nice home in <span class=\"xn-location\">Ohio<\/span> for around <span class=\"xn-money\">$400,000<\/span>. The husband had been a teacher in <span class=\"xn-location\">Los Angeles<\/span>, but now he&#8217;s able to stay home and raise the kids because they&#8217;re saving so much money. Their mortgage is half of what it was, taxes are lower, even food costs less. Remote work allowed them to re-evaluate their living situation and their finances.&#8221;\u00a0<\/p>\n<p>\n        <b>80% of people who relocated during the pandemic have no regrets<\/b>\n      <\/p>\n<p>There has been a fair amount of speculation about the psychology of pandemic homebuyers, with some wondering whether homebuyers will regret making such a major life decision in the midst of a once-in-a-lifetime global crisis. Soaring prices and intense competition have led some homebuyers to do things they wouldn&#8217;t do in a typical year, like waive inspection and appraisal contingencies and buy homes sight unseen in an area they don&#8217;t yet live in.\u00a0<\/p>\n<p>While there are stories of certain buyers regretting their home purchases\u2014and 15% of respondents to Redfin&#8217;s survey have at least some regrets about their moves\u2014it seems that the vast majority of homebuyers feel they made the right choice.\u00a0<\/p>\n<p>&#8220;For most people, relocating to a different metro area probably wasn&#8217;t a knee-jerk reaction to the pandemic,&#8221; said Redfin lead economist <span class=\"xn-person\">Taylor Marr<\/span>. &#8220;A lot of Americans had already been considering relocating, but they were blocked from actually making the move because they had to stay close to their office or wanted to live near friends or their child&#8217;s school. The pandemic and resulting work-from-home culture has removed some of those barriers, allowing many people to choose where they live based on factors like affordability, proximity to family and weather. And the loosening of social ties that come with remote work, remote schooling and a lack of in-person events made it somewhat easier for families to leave their comfort zone and try somewhere new. Those people are likely to be satisfied with their moves because the circumstances of the pandemic have allowed them to chase their dreams.&#8221;\u00a0<\/p>\n<p>To read the full report, including additional survey findings and graphs, please visit:<br \/><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=2275159256&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpandemic-relocation-more-disposable-income%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpandemic-relocation-more-disposable-income%2F\" rel=\"nofollow noopener\">https:\/\/www.redfin.com\/news\/pandemic-relocation-more-disposable-income\/<\/a><\/u>\u00a0<\/p>\n<p>\n        <b>About Redfin\u00a0<br \/><\/b>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=3074213872&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country&#8217;s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we&#8217;ve saved customers more than <span class=\"xn-money\">$1 billion<\/span> in commissions. We serve more than 95 markets across the U.S. and <span class=\"xn-location\">Canada<\/span> and employ over 4,100 people.\u00a0<\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=3074213872&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=1000986008&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3179083-1&amp;h=3599043503&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener\">click here<\/a><\/u>.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF93455&amp;sd=2021-05-28\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position-301301431.html\">http:\/\/www.prnewswire.com\/news-releases\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position-301301431.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF93455&amp;Transmission_Id=202105280830PR_NEWS_USPR_____SF93455&amp;DateId=20210528\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SEATTLE, May 28, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 About two-thirds of surveyed Redfin.com users who relocated over the last year have the same or lower housing costs, and almost as many said their new home is the same size or bigger. That&#8217;s according to a new\u00a0report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. Key findings from Redfin&#8217;s recent survey of Redfin.com users who moved to a different metro area from March 2020 through March 2021:\u00a0 78% have the same or more disposable income after their move.\u00a0 68% have the same or lower housing costs than before their move.\u00a0 64% moved into a home that&#8217;s the same size or bigger than their previous residence.\u00a0\u00a0 80% have no regrets &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499712","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SEATTLE, May 28, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 About two-thirds of surveyed Redfin.com users who relocated over the last year have the same or lower housing costs, and almost as many said their new home is the same size or bigger. That&#8217;s according to a new\u00a0report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. Key findings from Redfin&#8217;s recent survey of Redfin.com users who moved to a different metro area from March 2020 through March 2021:\u00a0 78% have the same or more disposable income after their move.\u00a0 68% have the same or lower housing costs than before their move.\u00a0 64% moved into a home that&#8217;s the same size or bigger than their previous residence.\u00a0\u00a0 80% have no regrets &hellip; Continue reading &quot;Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T12:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1520533\/Redfin_Survey.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position\",\"datePublished\":\"2021-05-28T12:33:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/\"},\"wordCount\":827,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1520533\\\/Redfin_Survey.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\\\/\",\"name\":\"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/","og_locale":"en_US","og_type":"article","og_title":"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position - Market Newsdesk","og_description":"PR Newswire SEATTLE, May 28, 2021 \/PRNewswire\/ &#8212; (NASDAQ: RDFN) \u2014 About two-thirds of surveyed Redfin.com users who relocated over the last year have the same or lower housing costs, and almost as many said their new home is the same size or bigger. That&#8217;s according to a new\u00a0report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. Key findings from Redfin&#8217;s recent survey of Redfin.com users who moved to a different metro area from March 2020 through March 2021:\u00a0 78% have the same or more disposable income after their move.\u00a0 68% have the same or lower housing costs than before their move.\u00a0 64% moved into a home that&#8217;s the same size or bigger than their previous residence.\u00a0\u00a0 80% have no regrets &hellip; Continue reading \"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-28T12:33:32+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1520533\/Redfin_Survey.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position","datePublished":"2021-05-28T12:33:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/"},"wordCount":827,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1520533\/Redfin_Survey.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/eight-out-of-10-people-who-relocated-during-the-pandemic-are-now-in-a-similar-or-better-financial-position\/","name":"Eight out of 10 People Who Relocated During the Pandemic Are Now in a Similar or Better Financial Position - 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