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Real Estate
COVID-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says COVID-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says
Covid-19: Here's How Pandemic Has Changed Real Estate Market, New Report Says The real estate market has been upended by the COVID-19 outbreak, which led to a mass exodus from New York City nearby suburbs. In the past four months, thousands of city residents flooded to suburbs on Long Island, Fairfield County, Westchester, and northern New Jersey, which has made those areas an attractive destination for buyers. According to a New York Times report, it has become a “seller’s market,” with multiple competing offers for many homes that may not have drawn as much attention pre-pandemic. The demand for single-family rentals has also skyrocketed in the wake of COVID-19. …

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by Zak Failla