Buyer Interest Spikes in U.S. for Homes in Rural Areas


 

            Homebuyers shift searches from cities to rural areas and suburbs.
According to Redfin, the median sale price for homes in rural areas nationwide increased 11.3% year over year in the four weeks ending August 2; it rose 9.2% in suburban areas.
Urban areas saw a smaller 6.7% home-price increase. Homes in rural areas have had higher price growth than suburban and urban areas since April.
The pandemic has caused 13% of homebuyers to search for homes in a different area than originally planned, according to a survey of more than 1,000 people who plan to buy a home within the next 12 months conducted by Redfin from July 19-21.

 

Read the whole article here:

Buyer Interest Spikes in U.S. for Homes in Rural Areas

Please support the partners who make Tuesday Tactics possible:

advert

Comments are closed.