2021 is setting up to be a year for the record books when it comes to people moving across the country. This pandemic has caused individuals to reconsider what they find important when it comes to their home environment. If you have the urge to move in 2021, rest assured you are not the only one. When it comes to your moving needs, our professional team at All Points Moving & Storage has you covered every step of the way.
Impact on the Real Estate Market
The coronavirus pandemic has had a huge impact on the real estate market. With interest rates at an all-time low, Americans from all backgrounds, locations and income levels are deciding to move now rather than wait a few more years. A recent migration study completed by the website, Neighbor, showed that when surveying 1,000 Americans, 56% of the participants plan to move during 2021. The 2020 surveys showed that 35% were planning to move in 2020, which shows just how much of an impact the pandemic has had on the real estate market.
Reasons Americans are Moving Now
So, why are Americans choosing now to move? Well, there are multiple reasons that have been identified. These reasons include the following:
- Low Interest Rates – The interest rates are at an all-time low, allowing Americans to qualify for more and providing them with more affordable mortgages.
- More Space – There has been a significant move from major cities across America into the suburbs and rural areas. Staying at home on lockdown every day has caused individuals to want more space in and around their home.
- Change in the Workforce – More Americans have been given the opportunity to work from home, allowing them to move to wherever they’d like.
- More Family Time – This pandemic has been stressful on a lot of people and for some, they’ve chosen to move closer to family.
- Financial Strain – Those struggling financially because of the pandemic has caused them to downsize and lower their cost of living.
If you foresee yourself moving around Connecticut during 2021, let our team at All Points Moving & Storage handle your moving and storage needs. With more than 60 years of moving experience, we’ll make sure that your upcoming move is stress free and seamless. To request a quote on your 2021 move, give our expert moving professionals a call today at (866) 421-9490 or email email@example.com.