How COVID-19 Has Impacted US Migration and Housing Patterns

Posted in Resume Builders
How COVID-19 Has Impacted US Migration and Housing Patterns

As investors in multifamily real estate assets, migration patterns matter to us. While it will likely be months or even years before we find out all of the lasting effects of this pandemic, we can make some early observations as to how coronavirus has impacted Americans’ migration patterns thus far. The WFH model is especially suited to white collar, generally higher wage industries such as technology, financial services, consulting, and insurance verticals. This represents more than 11% of households surveyed, implying that US migration rates will be 3-4x what they are during normal times. According to the below chart 3, six in ten of the cities with the highest net gain of movers during COVID-19 were in Texas.

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