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Tag Archives: Suburbs

Big Apple, Big Rental Demand

While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. Click here to see which other locales topped the list.

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Examining 2023’s Hottest U.S. ZIP Codes for Housing

The Hottest ZIP Codes of 2023 report from Realtor.com showed that homebuyers are seeking areas with larger homes and closer proximities to work, with many Americans flocking to areas that are more affordable relative to the rest of the country and less expensive than their nearby metro areas.

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High Home Prices Fueling Peak Rental Season

According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable option for many Americans.

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Suburban Boom

While some major metropolitan cities might be lacking in terms of home price growth compared to others, some surrounding suburbs are still becoming hot markets. What could be the cause of this trend?

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Millennials are Heading to Suburbia

Analyzing data from the United States Census, Trulia's chief economist Jed Kolko found that the population growth of millennials in big, dense cities was outpaced by big-city suburbs and lower-density cities. Kolko also found that baby boomer growth in big, dense cities also fell short of growth in the big-city suburbs.

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Urban Areas Lead in Home Prices; Suburbs Grow Faster

As the housing market inches further toward recovery, a curious dichotomy has arisen between urban and suburban growth. Asking prices for homes in densely populated (i.e., high-rise-rich) and urban settings are still rising as the spring buying market catches its stride. It’s the suburbs, however, where population is growing most.

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