Urban Dwellers Are Fueling a Suburban Housing Boom Across the U.S.

From Bloomberg: Low mortgage rates and the emerging work from home lifestyle spark a boom in demand in California’s Inland Empire and other commuter communities.

The number of sales in Marin county are up 36%. Ontario, Hemet and other enclaves in the Inland Empire about an hours drive from Los Angeles are seeing surging demand. Buyers seem to be looking for more space inside and more distance outside to fit their new work from home Covid-era lifestyles.

Is this s fad or a longer term trend?

Certainly this depends on the industry workers are in. Financial services and tech workers find themselves able to work very well from home. In these cases buyers are looking for more rooms with a door you can close for privacy while working from home.

If you are in an industry where you need to work in person, you may still value living close to where you work.

Whether you are buying for investment or your own home living it is important to think of the short and long term factors which will contribute to the value of your property.

Best in your investing and in your life.