06/03/2020
The coronavirus pandemic has many Americans rethinking the kind of lifestyle they want. Apartment living in central, densely populated urban areas is losing its appeal as residents are subject to building restrictions and risk coming into contact with people infected by the virus.
Polling data suggests that nearly one-third of Americans are considering a move to less populous areas, and in some regions, they are already relocating. Between March 15 and April 28, moves from New York City to Connecticut, for instance, jumped 74% compared to the previous year, and the Hamptons have already been flooded with New Yorkers fleeing the city.
The desire for space and privacy—and for control over who comes and goes from one’s home—is stronger than ever, making single-family homes an especially smart investment now.
“Single-family homes in the post-Covid era are a more flexible kind of living arrangement,” said Janet Feinberg Schindler, a broker with Sotheby’s International Realty in San Francisco.
“There are no board members imposing rules on how you live. Outdoor space can be enjoyed freely with your family, and no one is there to enforce social distancing. If you want to sell it, or rent it, you only need to make that decision yourself without consulting anyone.”
The coronavirus pandemic has many Americans rethinking the kind of lifestyle they want. Apartment living in central, densely populated urban areas is losing its appeal as residents are subject to building restrictions and risk coming into contact with people infected by the virus. Polling data sugge...
