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Top Ten Markets During And Post-COVID Environment (2021-2022).pdf

top-ten-markets-during-and-in-a-post-covid-environment-in-2021-2022-12-14-2020.pdf
Preview of Top Ten Markets During and Post-COVID Environment (2021-2022)
🔗 Source: cdn.nar.realtor
📊 Size: 758 KB
👤 Author: Jessica Lautz
⬇️ Downloads: 45

Summary

The National Association of REALTORS® (NAR) Research Group analyzed top markets for resilience during the COVID-19 pandemic and their potential for post-pandemic growth in 2021-2022. Key indicators considered include:

1. Work from Home Adoption: Areas with a higher fraction of workers already working remotely before the pandemic are expected to adapt better.
2. Multi-Generational Households: Metro areas with more multi-generational families may see continued growth due to social support benefits.
3. Net Domestic Migration: Positive migration trends in 2019 indicate areas likely to attract new residents post-pandemic.
4. West Coast to Other Region Movers: Cities attracting movers from expensive West Coast areas are poised for growth.
5. Unemployment Rate: Lower unemployment rates signal a stronger economic recovery.
6. Industry Composition: Areas with diverse economies, particularly less reliant on retail trade, leisure, and hospitality, are expected to fare better.
7. Small Business Activity: Cities experiencing more small business openings post-pandemic may see increased economic vitality.
8. Mobility to Retail and Recreation: Increased mobility to these places indicates a return to normal social activities and consumer spending.

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Description

The COVID-19 pandemic accelerated a shift to remote work and learning, with 35% of the workforce working from home in May 2020 and up to 80% in sectors like education and computer science. This trend influenced market dynamics in 2021-2022, highlighting the top ten emerging opportunities in a post-COVID real estate environment.

Technical Information

  • File Format: PDF
  • File Size: 758 KB
  • Pages: 12
  • Language: EN
  • Author: Jessica Lautz
  • Total Downloads: 45
  • Last Updated: 4 weeks ago

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