Homebuying demand in the suburbs is "fierce," according to Realtor.com. The real estate listings website crunched the numbers to determine which 'burbs are currently the most popular in the nation.
The study analyzes more than 7,000 ZIP codes of suburbs within an hour's commute in rush hour to the center of the nearest urban area, and calculates the median home list price, three-year price appreciation and home listing increase percentages. Javier Vivas, director of economic research for Realtor.com says, "A fast-growing suburb gets that way by attracting builders—working up a business case for people to come in and build in their community.”
Americans are falling in love with the ’burbs again. The longstanding romance cooled a bit after the 2008 financial crisis, but as cash makes its way back into personal savings accounts, folks are again indulging their instinctual urge to grab their own piece of the national dream, front and back yard included—thank you very much. But if you think suburbs are serene and low-key compared to the bustle of big cities, you probably haven't bought a home in a popular suburb lately.
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