Known as The Great Reshuffle, many Americans have opted to relocate and even switch jobs during the past year or so. With the pandemic forcing many people to social distance, many employers have adopted a distributed or remote working environment. This has resulted in the removal of most boundaries for where many Americans live. As a result, many in the workforce have taken full advantage of this new way of living and have opted to move to lower cost states while still working remotely for their same employer. Needless to say, the state of Florida has arguably been the most popular state for Americans to relocate to. In addition to a lower cost of living, there are two things in particular that many Americans are looking for in their moves.
More space and reliable internet
A new survey called The Verizon Movers Study, looked at Americans that had recently moved. The aim of this survey was to determine what items were the most important to Americans relocating. Over the past 2 years over 9.9 million Verizon customers have requested address changes, with more than 3 million moving between states, the study states. Below are the key findings of the study:
- 70% of movers stated that access to broadband internet was an important factor in their home search.
- 51% of those who moved are now in a single-family home in order to have more space.
- Three in 4 movers remained within their state but those working in a hybrid or remote format were more likely to have moved states compared to those working in person (31% vs. 18%).
- More than half of recent movers wanted to live in an area with better infrastructure for fast home internet (52%) and reliable cellular service (54%).
The pandemic has impacted the way business is conducted moving forward. In fact, many companies have adopted a new business model that consists of a completely virtual working environment. Many companies have cited that the pandemic was almost like a pilot study of the virtual working environment and now they have completely adopted this approach. For employees, this shift to a remote working environment has removed all boundaries on where they may live. Needless to say, working from home requires extra space for a home office and a fast and reliable internet connection. Therefore, the results of this study are certainly not surprising.
At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!