Posts Tagged ‘buyer demand’
Trending Towards Urban Living
Posted in urban living
A growing migration out of the suburbs is leading to higher demand for urban properties
High fuel prices and walkability are key factors in many downtown buyers’ decision.
The quintessential American dream used to include a suburban house with big yard, but homebuyers are increasingly dreaming of a walkable urban lifestyle along with their dog and two kids.
Flight from urban areas began after World War II, when thousands of returning soldiers and their young families needed inexpensive housing. In Leviitown, an early Long Island, N.Y., suburb, developers built more than 17,000 virtually identical Cape Cods. The development served as a model for later ‘burbs, and the middle class migration out of the city continued until a peak in the 1980s. Read the rest of this entry »
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