Search
  • JennyKipp

A Market Shift?



There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.


In a recent Realtor Magazine article, they discussed the issue and addressed comments made by Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):


“While migration trends were toward urban centers before the pandemic, real estate thought leaders have predicted a suburban resurgence as home buyers seek more space for social distancing. Now the data is supporting that theory. Coronavirus and work-from-home flexibility is sparking the trend reversal, Yun said. More first-time home buyers and minorities have also been looking to the suburbs for affordability, he added.”


NAR surveyed agents across the country asking them to best describe the locations where their clients are looking for homes (they could check multiple answers). Here are the results of the survey:


    47% suburban/subdivision

    39% rural area

    25% small town

    14% urban area/central city

    13% resort community/recreational area


According to real estate agents, there’s a strong preference for less populated locations such as suburban and rural areas.


Real Estate Brokers and Owners Agree


Zelman & Associates surveys brokers and owners of real estate firms for their monthly Real Estate Brokers Report. The last report revealed that 68% see either a ‘moderate’ or ‘significant’ shift to more suburban locations. Here are the results of the survey:



1 view

325 Main Street, Longmont, CO 80504

Tel 720-431-7935  www.8z.com

  • White Facebook Icon
  • White Instagram Icon

© 2018 by Jenny Kipp.