Once upon a time, millennials were willing to sacrifice a few stimulus checks (and then some) on each month's rent to live in a closet-sized apartment just to be part of the hustle and bustle of a city. But when all the alluring things about living in a city (like bumping into people on crowded streets, standing in ridiculously long lines for brunch, and cramming your way into packed sports arenas and concert venues) can potentially change, the possible risks of these everyday social interactions could accelerate a trend away from densely populated urban cities and into the suburbs.
After the lockdown, new home sales came to a screeching halt (as did everything else). But in the last two weeks, homebuilders have seen sales start to climb back up, particularly with dual-income first-time buyers wanting to leave their tiny apartments and buy larger move-in ready homes that they find more safety and stability in. More emphasis is now being placed on outdoor areas, functional layouts, and overall MORE SPACE.
The secret is out: Doordash tastes the same from wherever you are.
All things real estate.