Condo Prices Hit Record High As Shoppers Seek Affordable Options

Condo Prices Hit Record High As Shoppers Seek Affordable Options

ByTMN Editor Reading Time: 2 minutes

Condo prices hit a record high– $319,000, up 14.6% YOY and 22.7% from before the pandemic— as buyers priced out of the single-family market turn towards more affordable options, Redfin reported. This is a turn-around from the beginning of the pandemic when American buyers wanted to avoid crowded areas, causing condo sales to drop by…

Is Migration Away From Urban Areas A Trend Or Here To Stay?

Is Migration Away From Urban Areas A Trend Or Here To Stay?

ByTMN Editor Reading Time: 4 minutes

By SCOTT KIMBLER With Americans working from home since the start of the COVID-19 pandemic, some densely populated areas of the United States are losing residents as people move to the suburbs to escape city life, and those watching this trend say landlords shouldn’t hold their breath hoping a younger generation of renters will replace…

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