Currently Reading

The Most Desirable Real Estate Right Now

Advertisement

The Most Desirable Real Estate Right Now


September 25, 2020
Suburbia
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

Tags

Related Stories

Sales

Home Prices Are Rising Too Fast

Home sales could have been more robust if there were more listings.

Market Data + Trends

D.C. Housing Market Continues to Boom

Washington, D.C. was gearing up for a booming spring selling season before the pandemic hit. Back in March, prices were already increasing and…

Market Data + Trends

Bad Time to Buy? Increasing Number of Buyers Think So

As home prices continue climbing, the number of confident buyers dwindles. According to a new survey from Fannie Mae, the number of buyers who…

Advertisement

More in Category




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.