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Leaving the City

August 31, 2020 By Geoffrey Disch Leave a Comment

Green Escrow | Affordable Housing

As has been mentioned, one of the major effects on the national real estate market of the pandemic – and, to some extent, social unrest – is that many city dwellers are looking to move to the suburbs. The New York Times recently reported that one listing in the suburbs near New York had 97 showings and 24 offers!

In fact, New York City leads with the number of homeowners looking elsewhere, followed by Chicago, Washington, DC, St. Louis, and Miami.

Analysts warn that, while city living is particularly attractive right now, panic buying is not a good idea. Moreover, trying to sell your city home during the current conditions will certainly not bring top dollar.

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Filed Under: Rentals Tagged With: city, suburbs

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Our clients say...

“I’ve been in this industry for over 20 years. I have seen both fantastic and just “ok” escrow officers. The Escrow Officer and her team are typically the last stop for a borrower during the purchase or refinance transaction. You want that person and team to be personable, professional and helpful to your client. Kathy and her team at Green Escrow has surpassed my expectations. The team has gone the extra mile to ensure my file closed on time and without incident. I’m looking forward to continued success with Green Escrow.””
by Adina Erridge, Bay Equities Home Loans

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