Weekly Real Estate News
Source: USA Today —
Even as the COVID-19 pandemic continues, so does the booming housing market.
Millennials want more space for their money and they are willing to commute to stretch their dollars, according to Realtor.com’s annual list of hottest ZIP codes in the country, released exclusively to USA TODAY.
This year’s top markets are giving homebuyers more bang for their buck in suburban areas, including Rochester, New York; Manchester and Concord, New Hampshire; Worcester, Massachusetts and Columbus, Ohio.
The only two suburbs of major metropolitan areas are Peabody, Massachusetts (near Boston) and Farmington, Michigan (near Detroit).
A few factors contributed to the growing popularity of this year’s hottest ZIP codes. They include strong job markets, a better price per square foot, easy access to metro areas. And 46% of the homebuyers are millennials, the report shows.
