This may not be great news for buyers, but it is good news for the health of the housing market. With demands at an all time hifh, and supply relatively low, housing prices are steadily growing. We think this will be a continued trend as many families are leaving their city dwellings for the comfort and privacy of suburban neighborhoods.
10,000 NY residents have just recently changed their main address to a CT address, alerting home builders that a large rush from the city will likely happen over the next several months and years. This is also validated by the empty commuter lots, work from home trends, and increase in home office requests that had accompanied the pandemic.
Stay tuned for the latest details
-The Altered Properties Team