Urban flight is a myth, says a new study from Freddie Mac.
"While demand for urban living decreased in 2020, prices and sales overall have recovered beyond their pre-pandemic levels as of May 2021," the report asserts.
The pandemic accelerated existing migration out of big cities into lower-density communities across the US and boosted demand for larger homes and increased residential mobility across neighborhoods, but it did not bring about the end of urbanization, the study stressed.
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.
