flexiblefullpage - default
Currently Reading

New Yorkers Flee the City to Escape Pandemic, Protests 

Advertisement
billboard - default

New Yorkers Flee the City to Escape Pandemic, Protests 


June 12, 2020
New York City coronavirus empty
By tanaonte

Between the pandemic and recent protests, some New Yorkers have had their fill of the Big Apple and cannot move to the suburbs fast enough. Realtors are reporting an influx of city dwellers to homes in suburbs on Long Island and north of the city, and the competition for a quiet, suburban home is stiff as bidding wars erupt over homes with offices perfect for the new normal of remote work. Some homebuyers are signing contracts before they even step foot in the home, instead opting to see the property via video tour– the sooner they can move, the better. 

New York, I love you, but you’re getting me down, as LCD Soundsystem once sang. After three months besieged by the coronavirus pandemic, New Yorkers are heading for the suburbs – and some say they are never coming back.

Real estate brokers are describing a boom in demand for homes north of the city and on Long Island – and especially those that offer space for home offices. Competition is so fierce, says Madeline Wiebicke, a real estate broker in New City, an affluent hamlet some 20 miles from Manhattan, that city dwellers are snapping up suburban properties in bidding wars, often after just a video tour.

Demand for homes, say brokers, is fuelled not only by fears that coronavirus infections in densely populated urban areas could rise again next winter, but also by fundamental shifts in demand from in-office to remote workers, and by the protests following the police killing of George Floyd that have dominated New York’s streets.

Read More
 

Advertisement
leaderboard2 - default

Related Stories

Housing Markets

4 Cities Where Housing Inventory Now Exceeds Pre-Pandemic Levels

San Antonio leads with the greatest surge in the number of homes available post-pandemic

Remodeling

Aging in Place: My Aunt Nancy’s New ADU

An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike

Housing Markets

Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'

Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

Advertisement
native2 - default
Advertisement
halfpage1 -

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.