Where Are People Looking for New Homes?

Zumper’s recent 2020 Migration Report analyzes where people are searching for new homes in the middle of the pandemic. In a chart titled “Cities with the Most Searches Coming from Outside of Metro Area,” the report ranks cities with the most inbound rental searches coming from out of metro. Affordable metros appear high on the list. Note that New York City does not appear and San Francisco is way down at the end. The Case-Shiller index indicates that housing prices in these two metros decreased in May while they rose elsewhere. 

This and other reports on the pandemic’s implications for housing can be found in the Economy and Real Estate/Housing section of the Resource Library. Penn IUR regularly features a resource in the Cities & Contagion Resource Library that we think is informative of current trends.