Consumers who move households make up half of all TV and broadband connects.
Nearly 60% of adults who are currently planning a move reported their plans are now influenced by the coronavirus outbreak. While the reasons varied, the main reasons are taking advantage of low interest rates to buy a new home (26%), being unable to pay rent/mortgage (17%), and relocating to an area with fewer coronavirus cases (14%). (HarrisX)
73% of those who are still planning to move are experiencing delays as a result of the coronavirus pandemic. (HarrisX)
The majority delaying their move are doing so for expected reasons: (HarrisX)
31% | Under a stay-at-home order
31% | Decided not to move until things return to normal
20% | Have contracted the virus or are caring for someone with the virus
Among those who were not planning to move before, but decided to move after the COVID crisis, problems paying rent/mortgage (29%), low interest rates (25%) and being laid off (22%) were the top reasons. (HarrisX)