By Tendayi Kapfizde | Lending Tree
The changing landscape caused by the COVID-19 pandemic, coupled with a new freedom to work from home, has led to some speculation that people will migrate en masse from cities to less expensive and less dense towns.
But are people really leaving big cities for smaller towns? A new study from LendingTree compared migration data from 2019 and 2020 to find out.
Specifically, LendingTree looked at the share of homeowners who lived in one of the nation’s 50 largest cities and moved to a new home in one of the country’s towns. By comparing the share of relocating homeowners who did this in 2019 to the share in 2020, LendingTree determined whether or not homeowners are actually leaving cities in significant numbers.
