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Rural Real Estate Prices Rise as People Consider Leaving Cities

Submitted by ckanon@abi.org on
The COVID-19 pandemic has already changed the way Americans live, but its long-term repercussions may be with our world even after the virus is eventually controlled, NBC News reported. Recent data serves as a reminder of how consequential the coronavirus could be to the country’s future, even beyond health concerns. The most common word associated with the virus, through its rise and plateau and renewed rise, might be uncertainty — and that mood is reflected in a shift in how Americans are spending. The COVID crisis is challenging and changing long-held consumer patterns. The shifts happening during the pandemic are not only far-reaching, they potentially could endure long after a vaccine or treatment is found. New data that shows an even more enduring change could be coming: New attitudes about where people want to live, as people are interested in moving and there seems to be an increasing appeal in properties outside of cities. These figures, which compared this June to June 2019, found that homes in rural and suburban zip codes saw the biggest jump in average views per property.