People are going where their quality of life is best.
COVID-19 sparked a new way of thinking: less people = less problems, and thus, rural markets are becoming hot spots for migrators fleeing cities in exchange for a better lifestyle in emerging, mountain markets.
Articles in the mainstream news talking about The Great American Migration:
- Study: More big-city renters and homeowners considering smaller markets in wake of pandemic
- As homebuyers flee to luxury mountain towns, local housing markets are heating up
- Moving to the mountains, or struggling to stay
Articles will continue to be posted and updated.
For a well-capitalized firm like Fortius Capital and for Fund I investors or Family Offices, the current real estate environment is likely to yield excellent returns for firms bullish on mountain housing.