Currently Reading

The Most Desirable Real Estate Right Now

Advertisement
Housing Markets

The Most Desirable Real Estate Right Now


September 25, 2020
Suburbia is booming for home sales
By Frank

Throw away all you know about the hustle and bustle, the nightlife fun, high end restaurants, live theater, and skylines of the city. For the first time in possibly all of history, the suburbs are the hottest area to be in right now, says Realtor.com. In August, Realtor.com found that home shoppers spent more time viewing suburban listings than ones in cities. Compared to August 2019, home shoppers viewed suburban homes 53.9% more. Views for listing in the city did not completely disappear though, as urban listings increased by 50.7% year over year.

In the 10 largest metropolitan areas, such as New York City and Los Angeles, that gap widened to 56.4% growth in views in the suburbs compared with 43.6% in the cities.

Hey, it's easier to stay 6 feet apart in a single-family home with your own backyard than in an apartment or condo in 40-story towers where residents share elevators, laundry rooms, and a roof deck—that is, if they're lucky enough to have those amenities.

However, even if city denizens want to move to the burbs, they may have a hard time finding a house. The pandemic has greatly exacerbated existing shortages of properties on the market at the same time it created a surge in demand.

Read More

Related Stories

Sales

Are Home Prices in Western Mass. Crazy?

"I wouldn’t want to be a young person starting out trying to buy a house right now. I’d be scared."

Sales

Homes Are Selling Faster Than Ever and Prices Are Surging

The median home-sale price increased 17% year over year to $341,250, an all-time high. Asking prices reached an all-time high of $353,750.

Business Management

Are You Prepared for the Spring Market?

The housing market kicked into high gear during the past year and the spring market may require builders to push the pedal to the metal. To ensure…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.