Houses that sat unsold for hundreds of days are flying off the market - Business Insider

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Suburban houses that had been on the market for hundreds of days are now flying off the market — and it shows just how much the pandemic stands to redefine real estate

snatched up by New Yorkers during the pandemicNew Yorkers are buying homes "sight unseen" in Connecticut towns and New York's Hudson Valley and Catskills regions, per real-estate agents. left the city during the pandemic for areas like the Hamptons, upstate New York, and Connecticut.

The pandemic is transforming both residential and commercial real estate, prompting an exodus from major cities and calling into question the future of traditional offices.Suburban houses in Connecticut and upstate New York that have lingered on the market for months or even years are being, Michelle Sinclair Colman reported for The New York Post.

Real-estate agents say that demand has skyrocketed since March in towns like Darien and Salisbury in Connecticut, and the Hudson Valley and the Catskills in upstate New York. "Folks are buying sight unseen," Jeff Serouya, a Berkshire Hathaway agent in the Hudson Valley, told the Post. "And at a time when we're not able to meet with clients, with guidelines imposed on us to get properties shown without putting anyone in danger."Homes by the water in Darien, Connecticut.

 

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Can’t imagine why.

Very interesting news..

The great NY exodus. Fuck California too.

Fk

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