According to a report, the rising cost of housing (particularly in urban areas with high populations) and a shift towards working remotely are driving a large number of Americans to leave cities with large populations.
On the other hand, smaller cities are delighted to have newcomers.
One of the receiving cities is Elkhart in Indiana. It is known as “the RV Capital of the world” because of its position as the most prominent RV maker in the US. It was the most popular county in Realtor.com’s most recent report.
Based on the latest information from Realtor.com, the last quarter was a great one for the Elkhart real estate marketplace, and it’s more vibrant than it has been in a long time. The Indiana county was a top performer on the Wall Street Journal’s “Emerging Housing Markets Index” in the 3rd quarter.
It claims that the index will pinpoint “the top metro areas for homebuyers seeking an appreciating housing market and appealing lifestyle amenities.”
Wall Street Journal reports that the COVID pandemic “has spurred more RV demand” because households would like to travel while still “keeping their distance from others.”
Elkhart’s unemployment rate was 3 percent in August, as compared to the 5.1 percent national average.
It’s the latest evidence that job opportunities are increasing, with thousands of Americans making moves and seeking to begin afresh.