A recent Realtor.com analysis of the 10 largest metro areas in the country has identified the suburbs where buyers of larger homes can get the most space for their money outside the city center.
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The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.
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“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
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The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.
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A new report from Coldwell Banker Global Luxury captures the changing demographics and preferences of luxury buyers.
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Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.
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The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.
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This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.
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Ansley Atlanta Real Estate is increasing its presence in Gwinnett County with the addition of top producer Kelly Kim and her team.
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