Tuesday 1 September 2020

Cities dying? Suburbs booming? Data don’t show it

The early coronavirus outbreaks and exodus of New York City residents had some folks biting their nails over the future of American cities. Would the pandemic cause urban areas like New York to regress into 1970s versions of themselves, characterized by population loss, crumbling infrastructure and plummeting property values? Recent data on home sales and values show the answer is no. A report from Zillow found urban and suburban residential real estate markets have fared



source https://therealdeal.com/2020/09/01/cities-dying-suburbs-booming-data-dont-show-it/

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