Thursday, August 20, 2020

Urban Exiles Are Fueling a Suburban Housing Boom Across the U.S.

Urban Exiles Are Fueling a Suburban Housing Boom Across the U.S.

"In the Covid era, the single-family houses that are the stock in trade for Previti’s Frontier Communities are a hot commodity. Armed with the lowest mortgage rates in history, buyers are increasingly shunning urban centers, settling instead where they can live at a safe distance from their neighbors. “Is this the little runup before everything runs off the rails?” asks Previti, chief executive officer."

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I've seen a number of articles saying the same thing, but I'm holding off on believing it for another year or so. There are too many unknowns about COVID-19, the state of the economy, and the November election.

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