Source: Scotsman Guide —
A new Zillow study found that homes in U.S. suburbs have recently been appreciating faster than urban homes, reversing historic norms and highlighting buyers’ preferences away from urban areas even as the COVID-19 pandemic continues to ease.
Home values in suburban zip codes have been rising faster than in urban areas since July 2021, flipping the script from traditional appreciation patterns that include the first 15 months of the pandemic. Urban homes had gained value faster than their suburban counterparts from January 2013 (when home values began to rebound after the housing crash and ensuing recession) through June 2021. But in the past year, the typical suburban home gained $66,490 in value, Zillow found, while the typical urban home gained $61,671.
;
