Migration from big cities boosts housing prices in smaller markets

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Migration from big cities boosts housing prices in smaller markets
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Since the COVID-19 pandemic, more people are moving out of big cities, driving up housing prices in smaller markets like Boise.

"I do think Boise was, you know, a gem that people are finally discovering," Jeffry said.

Jeffry’s job allowed her to work from anywhere. The community in Boise and a lower cost of living were two of the biggest reasons for the move."The people helped to sell us in Boise," Jeffry said. "And then the other thing is, I feel like your money goes a lot further here. So, there’s a sense of accessibility and affordability."

Since the pandemic, more people are moving out of big cities. That’s driving up housing prices in smaller markets like Boise. "The primary reason for this is that many people from high-cost areas, whether California markets or from Seattle, Portland, are moving into Boise," said National Realtors Association Chief Economist Lawrence Yun.

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