The pandemic sparked a significant migration from urban centers to suburban and exurban areas, as remote work liberated workers from daily commutes, dramatically altering the housing market.
Zillow data indicates that renting trends in America reflected ongoing shifts from high-density urban areas to more spacious suburban and exurban regions, with rent consistently rising.
The donut effect is evident in major cities, with population declines in urban centers and corresponding growth in surrounding suburbs, indicating a decisive shift in housing preferences.
The shift towards hybrid work arrangements has further solidified the trend of mobility within metropolitan areas rather than between them, as people seek better living spaces.
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