The COVID-19 pandemic has triggered a migration among the American population. Many people who live in expensive coastal cities like New York and San Francisco are moving to cities with lower costs of living and a perceived better quality of life. The ability to buy a new house and relocate has two drivers. Mortgage rates are near historic lows, which makes houses more affordable, and the ability to work from home permanently has broadened the options for where people can live.
[in-text-ad]
Not all the desirable destinations are in America. Among the conclusions in the Point2homes study “The Hottest Destinations: Top 30 Most Popular Home Buying Locations in the Americas” is this:
In a year unlike any other, many Americans jumped at the opportunity to buy a second home abroad. To escape the pandemic — and their confining primary residences — those who had the means to hunt for homes in sunnier, more exotic places did just that.
The methodology for the study was a review of keyword searches “related to real estate” and the names of all the nations in the Americas. Researchers used Ahrefs tools to determine the average searches per month over the past 12 months.
Not unexpectedly, the two countries that are the most likely home-buying destinations are those directly adjacent to the United States geographically. Mexico ranked first with 82,850 searches over the measured period. Canada ranked second with 64,440. The presence of Mexico at the top of the list may not last. Nationwide violence that has taken the lives of tens of thousands of people has spread to resorts and even to cities and towns that are destinations of U.S. residential buyers.
Click here to see which are America’s 50 best cities to live in.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.