Almost a year into the pandemic, the effects of long-term remote work are showing up in home sales numbers
A new report from Zillow shows that mid-sized markets, especially in the Midwest, are making up for softness in New York and San Francisco. In the process, the for-sale market in urban areas was on pace with or slightly ahead of red-hot suburban areas.
In the Midwest, where the typical home value is less than other regions in the US, urban home prices have accelerated ahead of the suburbs in recent months. St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis are among the metros where urban home values have recently been growing faster than those in the suburbs.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
