Traditionally, many people in the US have enjoyed perks associated with an urban lifestyle. Some perks being in close proximity to grocery stores and local entertainment, being able to walk to local hot spots and a short commute to work. However, recent ‘shelter-in-place’ ordinances have some who live in more populated city limits rethinking their current neighborhoods. The trade-off being that highly populated cities can lack access to open spaces, yards, and other desirable features. This is what many missing when spending a lot of time at home. Our recent experience in social distancing is birthing the newest trend seems to be trading in a once-desired city lifestyle for suburban or rural living.
The Harris Poll recently surveyed 2,000 Americans, and 39% of the respondents who live in urban areas indicated the COVID-19 crisis has caused them to consider moving to a less populated area.
George Ratiu, Senior Economist at realtor.com notes:
“With the re-opening of the economy scheduled to be cautious, the impact on consumer preferences will likely shift buying behavior…consumers are already looking for larger homes, bigger yards, access to the outdoors and more separation from neighbors. As we move into the recovery stage, these preferences will play an important role in the type of homes consumers will want to buy. They will also play a role in the coming discussions on zoning and urban planning. While higher density has been a hallmark of urban development over the past decade, the pandemic may lead to a re-thinking of space allocation.”
Moving Outside the city limits has become more feasible than ever before, especially now that Americans are becoming accustom to and accepting of remote work. Recent research has shown significant increase of access to the Internet in rural and suburban areas, making working from home easier. In fact, the number of people working from home began a considerable increase before the pandemic came into play this year.
In The End, if you live in a rural area or the suburbs, you might see an increase of neighbors. If you are one of the many thinking of buying, you may want to consider looking at homes for sale outside the city limits. To discuss the options available in your local market, contact you real estate professional, or call me (912)484.6645!