![zoom towns zoom towns](https://www.njcu.edu/sites/default/files/images/2020-09/NJCU_Zoom_School_of_Business.jpg)
Meanwhile, economic development officials are trying to figure out what to do with a giant, empty office building.
![zoom towns zoom towns](https://smallbizsurvival.com/wp-content/uploads/2020/12/Zoom-Towns-rect-6.png)
The housing market went berserk in the third quarter of 2020, and the median home price shot up to about twice the amount that a median-income earner could afford. For an optimal experience visit our site on another. And GlobalNews reported on Canada's Small Town Boom. NBC’s Maggie Vespa reports in this week’s Sunday Spotlight on Zoom towns that popped up over the pandemic. In November 2021, the American Equipment Manufacturers (AEM) noted that Americans are moving to rural areas in record numbers. The Zoom economy has come at Durango from two directions. In October 2020, UpWork found that anywhere from 14 to 23 million Americans were planning to move as a result of remote work. “Most have been contemplating a move for some time, and felt that now was the right time.” “It’s clear that many buyers are being driven out of large cities by both COVID-19 and civil unrest,” wrote the authors of the Jackson Hole Report, regarding the recent uptick in homes priced over $3 million. Rock-bottom interest rates have also contributed, along with wealthy investors seeking refuges during tumultuous times. The telecommuter-migration is just one of many reasons behind the current real estate craze. But they exploded in the wake of the pandemic’s first wave, driving home prices to astronomical levels and putting homeownership even further out of reach for the typical working-class person. In most cases, their real estate markets were already overheated. Zoom towns are scattered across the United States, but the most popular ones seem to be small- to mid-sized, amenity-rich communities, with plenty of public land nearby, from Bend, Oregon, to Flagstaff, Arizona, along with a whole bunch of best-place-to-live-list towns.