Where did homeownership rise and fall the most across the country during the pandemic? That’s the question the number-crunchers at Realtor.com recently put pen to paper to find out. They looked at the 75 largest metropolitan areas (including the main cities & surrounding towns, suburbs, and smaller urban areas) and compared Q4 2020 homeownership rates and Q1 2021 with the same quarters from a year earlier. Realtor.com says there were a variety of reasons why some markets gained homeowners and others lost them in this turbulent period with all coming down to price and desirability. Cheaper alternatives to bigger cities with stronger economies became more and more popular with many buyers. Indeed…
“The pandemic drove increased homebuying interest in the types of livable communities that offer homebuyers good value for their money and a decent number of homes to choose from,” said Realtor.com Chief Economist Danielle Hale.
Click here to read the full story at Realtor.com.
