Log In


Reset Password
  • MENU
    Real Estate
    Tuesday, April 16, 2024

    Survey: Relocation can aid telecommuting, affordability

    Moving to a new home often gives residents more chances to work remotely, according to a recent survey by the real estate site Redfin. Respondents were also likely to say relocating gave them the opportunity to find a more affordable home without changing employers.

    Redfin surveyed 272 Americans who said they had moved to a new metro area in the past year or plan to do so in the next year. Approximately three-quarters of respondents were living or had previously lived in the pricey metro areas of Boston, Los Angeles, New York, San Francisco, or Seattle.

    One in four respondents said they started telecommuting more frequently after they moved. Just over half—51.5 percent—said they started working remotely some or all of the time after their relocation, up from 44 percent who said they did so before the move.

    "The job market is very tight, and employers want to hold on to people, so companies are much more willing now to allow workers to move," said Daryl Fairweather, chief economist at Redfin. "Plus, technology has enabled employers to let staff work remotely in a cost-efficient and productive manner."

    Fairweather says employers may start to be more permissive about remote work not only to support employee retention, but also to limit salary increases. Employees, in turn, are able to maintain their salary while living in a more affordable market.

    Respondents were most likely to say that more affordable housing motivated their move, with 25.7 percent saying this was the primary reason they relocated. A total of 21.2 percent moved to be closer to loved ones, while 17.9 percent said they moved due to retirement. Another 12.4 percent said they moved because they took a new job, while just 7.3 percent said they relocated because a partner took a new job.

    One in seven people said they wouldn't have been able to move if they didn't have the ability to work remotely, with a slightly higher share among respondents who moved for affordability reasons. Nearly 60 percent said they were better able to afford non-housing expenses after moving.

    Younger respondents were more likely to work remotely after relocating. Among those ages 38 and younger, 55.5 percent said they telecommuted at least some of the time after moving – up from 46.9 percent before they changed addresses.

    Comment threads are monitored for 48 hours after publication and then closed.