Why Urban Dwellers are Choosing To Move Out of The City
Urban trends of the last 50 years are showing signs of being reversed. A combination of the COVID-19 pandemic, economic uncertainty, and social unrest is prompting people to move from large cities and permanently relocate to less densely populated areas. Metro areas across the country are experiencing residents of all ages and incomes moving in record numbers to suburban areas and small towns – places where social distancing is more of a built-in norm of everyday life. The trend has been accelerated by shifting attitudes and technology that makes it easier than ever to work from home.
According to data from a recent Harris Poll survey, nearly one-third of Americans are considering moving to less densely populated areas as a result of the pandemic. “Space now means something more than square feet,” Harris Poll CEO John Gerzema said. “Already beset by high rents and clogged streets, the virus is now forcing urbanites to consider social distancing as a lifestyle.”
Urbanites (43%) were twice as likely than suburban (26%) and rural (21%) dwellers to have recently browsed a real estate website for homes and apartments to rent or buy, the survey showed. The shifts happening during this pandemic are not only challenging and far-reaching, but they could continue long after a vaccine or treatment is found. “People will be much more cautious about living in high-density areas with so many people nearby,” predicts Lawrence Yun, chief economist at the National Association of Realtors.
More than half of the nation’s 100 largest metropolitan areas are seeing increased interest in the suburbs and rural areas. Recent data from Realtor.com suggests people are interested in moving and there seems to be an increasing appeal in properties outside of cities. Realtor.com figures, which compared this June to June of 2019, found that homes in rural and suburban zip codes saw the biggest jump in average views per property. Homes in urban zip codes had a 19% increase in views compared to last year. But homes in suburban zip codes had a much larger 30% jump. Homes in rural zip codes saw a 34% increase in views.
Although property views are not sales, these numbers do reflect at least an interest in getting out of the most densely packed areas and into communities that are more spread out. The demand for homes is fueled not only by fears that coronavirus infections in densely populated urban areas could rise again next winter but also by fundamental shifts in demand from in-office to remote workers.
Many experts say that It’s not yet clear how the pandemic will reshape cities in the long run, but it has definitely accelerated trends that were underway before the coronavirus outbreak. If the allure of cities declines further due to the risk of disease, an uncertain economy, and a future of working remotely, the flight to suburbia and rural safety will continue well after a coronavirus vaccine or treatment becomes available.
Partner with Top-rated Lake Wallenpaupack REALTOR® – Alicia Kowalik
A skilled and experienced Lake Wallenpaupack REALTOR® like Alicia Kowalik can show you more properties and save you thousands of dollars when buying a home. You need an agent who knows the Lake Wallenpaupack area, processes a vast network of local connections, and has the skills to negotiate like a pro. From first-time homebuyers to multi-million dollar investors, Alicia continually strives to provide top-quality service for her clients. With access to the most up-to-date MLS listings for Lake Wallenpaupack properties, Alicia has a gift for matching her clients’ lifestyle needs with the perfect home.
For sellers, Alicia has the knowledge and experience to handle the marketing and sale of your home for the best results. She employs the latest technology to deliver maximum exposure for your property that will drive mega-response from qualified buyers. With over 9 years of local real estate experience, Alicia is an agent you can count on and trust. She will protect your interests, advocate for you, and go the extra mile to ensure a smooth and successful transaction.
Alicia Kowalik, REALTOR®
Lakeview Realty Inc.
2449 Route 6, Hawley, PA 18428
Direct: 570-470-5076 (Best)