A Return to the Suburbs Post COVID-19

Are you a city dweller? Do you call a high-rise condo home? Has the Coronavirus caused you to re-think where you want to live?

According to recent census figures, for the first time since 2010, suburbs are growing faster than cities. And those figures are pre-COVID-19.

In light of today’s social distancing, it’ll be interesting to see if the trend continues. I believe it will. After all, it’s hard to social distance when you have to take an elevator to get to your home.

Suburban or Urban?

Many people, especially millennials, like to live where they work and play, i.e., close to the urban core. But, given today’s restrictions, it’s not surprising to hear people talk about moving. Many want more space, especially outdoor space. Understandably so. After all, If you can’t hang out at the beach, at least you can step into your own backyard for some fresh air and sunshine. Also, when you’re sequestered at home, space becomes a much bigger factor. Think home office. Have you been working online for weeks? Does a private office offer appeal? Are you homeschooling? Doesn’t an extra space for the kiddos to do their work (or just get lost for a bit) sound good right about now? Though some condos afford great space, many do not. And even though many condos offer great amenities, those amenities are off-limits during COVID.

Clearly, the trend already reflects a shift to the suburbs. Perhaps it is because millennials are marrying and having kids. They are discovering the merits of life in the suburbs. Affordability may also be a big factor in the trend. Though no one likes long commutes, typically, the further away you are from town, the greater the affordability.

Suburban Living Already on the Rise

Given our current crisis, it stands to reason that even more city dwellers will look to a move to the suburbs. More than ever, people want to pull into their own driveway and walk straight into their own home. They want the ability to work from home in a designated space. And, the ability to barbecue, sunbathe, and play in one’s own backyard has never been so desirable. Even necessary.

Related Posts:

Can I Still Buy a Home in Hawaii Right Now?

Is It Possible to List My Home During Social Distancing?

Do I Sell Now, Later, or Not at All?

Connecting with Clients During COVID-19

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