Redfin says space in suburban homes was worth more than space in urban areas for the first time since they started tracking this data in 2018. According to their report, a typical home in suburban neighborhoods nationwide was worth $206 per square foot at the end of September versus $205 in urban neighborhoods. Basically,
“As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers”
Click here to read the full report at Redfin.com.
