With the coronavirus pandemic likely to stretch into next year, many people are spending more time than ever before in their homes—but some are ready to find a new place altogether. Cue the U-Haul trucks.
Nearly half of Americans, 46%, are considering moving within the next year, according to a recent LendingTree survey. The online financial services marketplace based the report on a survey of more than 2,000 participants in September. But certain groups of people are much more likely to consider relocating than others—and they have some pretty compelling reasons for doing so.
“A lot of the reasons people are thinking about moving are related to the pandemic and the recession,” says LendingTree Chief Economist Tendayi Kapfidze. “A lot of people are concerned about their living expenses. We have a lot of people who are behind on their rent and behind on their mortgage.
“A lot of