Report: Buyer Trends Moving to the Suburbs
A lot has changed since the onset of the coronavirus pandemic, including home-buying trends. Homes that were once sitting on the market due to their size and location, are now the preferred choice. According to a recent report from realtor.com®, suburban homes are seeing stronger price appreciation, shorter days on market and more views on realtor.com® than in urban areas.
“In one of the most seismic shifts to the U.S. workforce since the introduction of the Internet, many U.S. workers now have the flexibility to work remotely and choose where they want to live,” said realtor.com®’s Chief Economist, Danielle Hale. “Data shows in our post-COVID world there’s a strong preference towards a suburban lifestyle with its bigger houses, backyards and quiet streets. But American cities are not becoming ghost towns anytime soon; in fact they are also seeing an uptick of home buyers, it’s just not as strong as the surge we’re seeing in the suburbs….Read More