High demand for suburban homes shrunk inventory and drove price increases during the pandemic. “Lockdowns and remote work prompted households to leave their urban dwellings for more spacious suburban residences. Since few families could afford larger homes within central urban neighborhoods, many households moved to lower-cost markets, including the immediate suburbs and more affordable Sun Belt cities,” notes Gene Burinskiy, vice president of research and data journalism, for Amherst in a sponsored report published in the June issue of Institutional Real Estate Americas. The question remains whether a return to office will mitigate this trend. To access a pdf of the Sponsored Section, click here.
