Which Urban Real Estate Trends are Popular Today?
Which Urban Real Estate Trends are Popular Today?A reader asks: “Which urban real estate trends do you think are popular today? I’m trying to decide between buying a brand new home in the suburbs or an older home in town. Friends are telling me to buy a home that will withstand market changes and to look at buying in an urban area. What can you tell me about home buying trends in major cities?”Answer: Buyers often tell me they feel pulled between buying a new home versus older, but in many cities today, you will find infill development consisting of new single-family homes, townhomes, condos and even lofts. So your choices aren’t strictly limited to newer versus older. Here are the top five trends I have observed: Home Buyers Spend More to Live in the City Many urban infill developments demand higher per-square-foot prices than new homes in the suburbs. Home buyers are willing to pay a premium to be located
