Covid-19 pandemic facilitates housing gains for Florida as New York faces housing loss

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Covid-19 pandemic facilitates housing gains for Florida as New York faces housing loss
The biggest upticks in people wanting to leave their states were recorded in California and New York, followed by Massachusetts, Washington D.C. and Illinois due to covid-19 pandemic (according to Redfin.com).

In the third quarter, around 53,000 more Redfin.com users wanted to leave California compared to the number of people wanting to move into it; since third quarter of 2019 it suggests a rise of 62%, which also records the highest rate since Redfin.com began to keep a record of migration from 2017 onwards.  During the third quarter, around 53,000 more Redfin.com users wanted to leave New York compared to the number of people wanting to move into it; suggesting a rise of 35% in number of such people.

Florida’s housing benefitted from the loss of New York’s housing as the pandemic remained and people became even more certain about their school plans and work from home; the trend only gained momentum.

It was observed in the third quarter that the number of Redfin.com users wanting to move into Florida was more than the number of Redfin.com users looking to leave Florida by almost 22,000. These numbers are almost double when compared to last year’s figures. It means that the influx of people into Florida accelerated from the beginning of 2020.

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