"Interestingly, residents are waving goodbye to many of the COVID hot spots-looking at you Austin, Florida, Vegas, and Colorado," says home expert Aldo Ceja in the report.
"Whether it's being forced back into an office for a job or just getting an itch to try something new, residents of these cities are packing up for an adventure in a different environment," explains Ceja.
"Longtime residents stand to make a pretty penny by cashing in on their home equity in many of these markets, which could tip the scale in favor of moving, especially if they can get more bang for their buck elsewhere," adds Realtor.com senior economic data analyst Hannah Jones.
"Austin home prices have risen dramatically, so much so that it recently topped a Realtor.com list of places where it is now cheaper to rent than buy a house."
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