Nearly 30 Percent of Homebuyers Plan to Relocate to Small Metro Areas, Even More to Suburbs. Here’s Why

By |2020-07-20T23:01:17-04:00July 27th, 2020|Categories: Potential Markets, Real Estate, Selling|Tags: , , , , |0 Comments

Twenty-seven percent of homebuyers plan to relocate to smaller metro areas as a result of the Coronavirus pandemic. Data from real estate brokerage Redfin showed that 27 percent of more than 1 million homebuyers on its site looked to move to smaller metro areas in April and May. Good to know as you scout for your next flip. Similarly, a report from Realtor.com released in late June showed that house hunters in over half of the nation’s 100-largest metro areas are focusing their attention on the suburbs in those areas, as evidenced by listing views for suburbs in the month