IS THE MASS RURAL MIGRATION ​PATTERN SLOWING?

IS THE MASS RURAL MIGRATION ​PATTERN SLOWING?

How long will the trend last?

As people across the nation were coming to terms with a new world when the pandemic hit two years ago, a lot of changes were made. More and more companies were offering work from home opportunities. Residents from bigger cities have been migrating out of more urban areas to avoid illnesses and higher costs of living. They are searching for more rural areas where things move a bit slower, allow for privacy and are surrounded by the beautiful American countryside. For us at UC, this moment where thousands of people are seeking rural and lifestyle properties over urban living has been huge for us. The question remains: “How long will we see this trend last?”

According to a recent article from the Wall Street Journal, there has essentially been a complete switch in migration patterns in the U.S. with thousands of people leaving urban communities to move into rural counties since 2020. There has also been a significant rise in job postings in these counties as well as personal income per capita. Remote work is a significant piece of why people were migrating out of urban areas, but, as companies are pushing for their employees to transition back to working from offices full time or hybrid schedules, this could hinder this trend. It could also disproportionally affect rural communities closest to urban hubs due to new residents preferring an easier commute to their jobs in bigger cities.

While there are still large numbers of Americans migrating into country real estate, this movement is vulnerable as the U.S. returns to normal. United Country affiliates are taking advantage of where the market is now, and demonstrating the ease and beauty of country living. As we navigate this unique period in history, we will continue to keep you up to date with the latest developments in real estate and other related fields.

View the Wall Street Journal article here: https://www.wsj.com/articles/americans-up-and-moved-during-the-pandemic-heres-where-they-went-11620734566

Learn more about United Country Real Estate at www.UnitedCountry.com or United Country Auction Services at www.UCAuctionServices.com.