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Suburban migration

Real Estate
COVID-19: Luxury Home Sales Soar North Of New York City COVID-19: Luxury Home Sales Soar North Of New York City
Covid-19: Luxury Home Sales Soar North Of New York City The market for luxury homes in the suburbs north of New York City has been red-hot during the COVID-19 pandemic, as realtors saw record-breaking numbers as eager buyers flocked en masse away from the densely crowded city. Low inventories, highly-motivated buyers, low-interest rates, and a booming stock market created a true seller’s market, leading to record-breaking sales, specifically in Westchester, Putnam, Dutchess, and Fairfield counties, officials said. According to a new report from Houlihan Lawrence, “pandemic-driven changes in buyer preferences were especially prevalent in New York…

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by Zak Failla
Real Estate
COVID-19: Housing In Walkable Suburban Communities Attracting City Dwellers, Report Says COVID-19: Housing In Walkable Suburban Communities Attracting City Dwellers, Report Says
Covid-19: Housing In Walkable Suburban Communities Attracting City Dwellers, Report Says The COVID-19 pandemic has forced a mass exodus of New York City residents who have been flocking to area suburbs. New housing in walkable suburban communities has become a popular landing spot for city residents who have sought to find residences that are less dense, larger, and have more outdoor space. According to a New York Times report, there has been a mass migration from the city into the suburbs, with sales on single-family homes spiking after the pandemic first struck in early March. The report found that there had already been a rise in city dwellers when the pandemic struck, whic…

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by Zak Failla