Americans moving to less pricey housing markets

New trend: A house in Los Angeles. Los Angelenos who moved to another metropolitan area last year could expect home values to be US$591, 517 lower, on average. ― AP

MANY Americans who moved last year relocated to areas where homes were, on average, bigger and less expensive.

On average, people who moved to a different city in 2020 ended up in a ZIP code where average home values were nearly US$27, 000 (RM110, 969) lower than in their previous ZIP code, according to Zillow.