The Latest
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The Flight to the Suburbs Is Real and Growing, as Coronavirus Changes the Way People Live
If millennials once piled into the cities, fueling downtown renewal and growth, apparently they are now piling out. The stay-at-home orders brought on by coronavirus have more potential homebuyers looking for properties in the suburbs. Millennials are now the largest cohort of buyers.
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Homebuilders Suddenly See Sales Jump as Renters Flee Small Urban Apartments
Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled open houses and shattered consumer confidence. Now, demand appears to be coming back, especially for newly built homes.
