Serhant CEO Ryan Serhant argues consumer confidence, the real estate market is coming back and people are returning to New York City amid the COVID-19 pandemic.
A new report released Tuesday by real estate brokeredge Redfin found a 200% year-over-year increase in page views for homes in large metro areas, including cities and their surrounding suburbs, during the month of October.
The new finding demonstrates renewed homebuyer interest in urban areas after searches stagnated in March and April when the coronavirus pandemic hit. However, remote work and homeschooling has also led to a surge in interest in less densely populated areas, with rural and suburban areas still outpacing demand for urban areas.
Searches for homes in rural areas increased 235% year-over-year, a deceleration from a 273% peak in August. Meanwhile, small towns saw searches rise 218% year-over-year in October,…
