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Are Homebuyers Moving to the Suburbs?

Friday, July 31, 2020   /   by Carlos Roman

Are Homebuyers Moving to the Suburbs?

Homebuyers move to the suburbs means more freedom for their kids

Are Homebuyers Moving to the Suburbs in this Pandemic? As a lot of businesses switch to Remote work during this Pandemic and people weigh the risks of living in high populated areas, will more people start moving in to the Suburbs to escape the Bigger Cities?.

This Zillow study shows there is an increase in urban high-end listings in some larger cities like Chicago and Indianapolis. The increase in month-over-month listings going on the market shows us that many people in the City are ready to give the suburbs a try and leave the busy City life behind. (See graph below):

Increase of Listings in Cities like Chicago, Indianapolis and Cleveland is an indicator of Americans leaving the city life for the Suburbs

Why are Americans starting to move out from larger cities?

When it comes to a City like Los Angeles, the answer is simple, a Housing Crisis, that includes a lack of inventory, high rents that increase every year that only became more apparent with the health crisis, didnt leave a lot of folks with options forcing them to move out to the suburbs, what are the other reasons for this? THIS STUDY shows other potential reasons:

  • People in need of more interior Space
  • We all want to own real estate at some point in our lifes
  • The outdoors

More space and less people seems to be a desirable trait for Homeowners who have dealt with the city for years, so the list makes sense. Couples with children want to have their kids grow up with a backyard instead of a hallway of an apartment building. This combined with the change of times due to COVID-19, work might change to remote work for good, even when this Pandemic is over, i wouldn't mind getting away from the City and keeping my same job and salary and enjoy less traffic by Moving to the Suburbs, less people and hey why not, a lower mortgage, wouldn't you?

CENTURY 21 Citrus Realty
O. J. Rodriguez
1100 Via Verde
San Dimas, CA 91773

Based on information from California Regional Multiple Listing Service, Inc. as of February 29, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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