{"id":70334,"date":"2020-09-21T21:33:18","date_gmt":"2020-09-22T04:33:18","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=70334"},"modified":"2020-10-07T17:41:48","modified_gmt":"2020-10-08T00:41:48","slug":"hot-housing-markets-affordable-pandemic","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/","title":{"rendered":"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities"},"content":{"rendered":"

Relatively inexpensive areas outside major cities\u2014like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia\u2014are gaining ground with homebuyers as New York City and San Francisco lose steam.<\/span><\/i><\/h2>\n

Housing markets that offer homebuyers more bang for their buck and are located outside of major cities\u2014but within driving distance\u2014are heating up, with relatively affordable places including El Dorado County, CA<\/a> and Camden County, NJ<\/a> rising in popularity as house hunters take advantage of remote work and record-low interest rates. Nine of the 10 markets where homebuyer competition has intensified the most since last year have median sale prices below $500,000 despite seeing price growth of at least 10% over the last year.\u00a0\u00a0<\/span><\/p>\n

Meanwhile, iconic coastal hubs such as New York<\/a> and San Francisco<\/a> are losing their luster as the coronavirus pandemic accelerates an exodus out of dense, expensive job centers. Seven of the 10 markets that have cooled most in the last year are located in New York (including four of the five New York City boroughs; Manhattan was excluded from this analysis due to insufficient data) and seven have median sale prices above $500,000.<\/span><\/p>\n

This is according to a Redfin ranking of the U.S. housing markets that have heated up and cooled down the most over the past year. Our ranking of the top 10 and bottom 10 U.S. counties is based on year-over-year change in home prices, home sales, the share of homes that sold above their list price, the speed of home sales and Redfin.com searches.<\/span><\/p>\n

Relatively affordable areas outside big cities\u2014like El Dorado County, CA and Camden County, NJ\u2014are heating up most<\/span><\/h2>\n

\"\"<\/p>\n

El Dorado County, CA<\/a> came in first place, with measures of homebuyer competition surging faster than any other U.S. county in the last year. Spanning from the eastern outskirts of Sacramento to the southern half of Lake Tahoe (but not including the city of Sacramento, which is in Sacramento County), the region has seen home sales skyrocket nearly 60% over the last year as buyers have flocked from the Bay Area, despite the fact that it\u2019s located in a <\/span>fire-prone area<\/span><\/a>, with the <\/span>most recent wildfire<\/span><\/a> igniting in early September. It\u2019s the most expensive county in the top 10, with a median sale price of $550,000, but that\u2019s relatively affordable compared with $1.45 million, the median sale price in nearby San Francisco. Scroll down to see a full table of the top 10 counties.<\/span><\/p>\n

\u201cWe\u2019re seeing a huge influx of buyers coming to El Dorado County from the Bay Area,\u201d said local Redfin agent<\/span> Ellie Hitchcock<\/span><\/a>. \u201cWith so many large tech companies allowing employees to work from home for the foreseeable future, homeowners in San Francisco are selling their two-bedroom, two-bathroom Condo and buying a 5,000-square-foot home with five bedrooms and five bathrooms on an acre of land here for the same price. It\u2019s simply a no-brainer.\u201d<\/span><\/p>\n

The Sacramento metro area, where El Dorado County is located, was the <\/span>most popular<\/span><\/a> destination for homebuyers looking to relocate in July, according to an analysis of Redfin.com users. San Francisco was the top origin for out-of-area buyers looking in the Sacramento area.\u00a0<\/span><\/p>\n

\u201cThe rise of working from home and the need for more space to accommodate that new lifestyle is bringing people to El Dorado County,\u201d Hitchcock continued.\u00a0 \u201cConveniently, buyers can afford a lot more house today than they could last year due to historically low interest rates”\u00a0<\/span><\/p>\n

In second place was Camden County, NJ<\/a>, a region of southern New Jersey located just across the Delaware River from Philadelphia. Homes in the area have been selling fast, spending a median of 28 days on the market in July, compared with 47 days a year earlier. While prices have climbed 13% since last year, homes still sell for a median of $215,000\u2014well below the national median.\u00a0<\/span><\/p>\n

\u201cCamden\u2019s economy has changed dramatically over the course of its history,\u201d said Redfin chief economist <\/span>Daryl Fairweather<\/span><\/a>. \u201cThe city of Camden is still recovering from the devastating effects of <\/span>housing discrimination and redlining<\/span><\/a>. But more recently, the state of New Jersey has made a <\/span>concerted effort to revitalize the area<\/span><\/a> by offering corporate tax incentives. The revitalization seems to be improving Camden\u2019s appeal to outsiders, but local first-time homebuyers could see themselves priced out of the market.\u201d<\/span><\/p>\n

Camden County saw a 500% increase in net inflow of Redfin.com users searching for homes in the second quarter (a net inflow means more people are looking to move in than to leave).\u00a0<\/span><\/p>\n

\u201cI\u2019m seeing a lot of buyers coming in from Philly\u2014especially young people who want to stop renting and start owning,\u201d said <\/span>Jackie Imperato<\/span><\/a>, a Redfin agent in southern New Jersey. \u201cNew Yorkers and North Jersey folks are also flocking here because they want to escape the city due to the pandemic.\u201d<\/span><\/p>\n

Imperato also works in Gloucester County, which is adjacent to Camden County and ranked ninth on the list of markets that have heated up the most.<\/span><\/p>\n

\u201cYou can buy a 3,000-square-foot home with an acre of grounds and a highly rated school district for $350,000 in Gloucester County. In parts of north Jersey, you\u2019d be living in a bungalow for that price,\u201d Imperato added. \u201cWith interest rates this low, there are probably a lot more buyers than we know of waiting patiently to find their dream homes, but there just aren\u2019t enough houses for sale.\u201d<\/span><\/p>\n

The <\/span>shortage<\/span><\/a> of properties on the market is driving up competition in Gloucester and Camden counties, according to Imperato, who said most homes up for sale are receiving at least five offers. Imperato is working with one buyer from Philadelphia who has made 22 offers in Gloucester County. The client, who has been approved for an FHA home loan, keeps getting beat out by other buyers whose offers are more competitive because they\u2019ve been approved for conventional loans. FHA loans require lower down payments and have a lower credit-score threshold than conventional loans, which is why, in a bidding war, some sellers may view them as less desirable than a conventional loan.<\/span><\/p>\n

Housing Market Summary of U.S. Counties That Have Heated Up the Most (July 2020*)<\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/b><\/td>\nU.S. County<\/b><\/td>\nParent Metro Area<\/b><\/td>\n Median Sale Price\u00a0<\/b><\/td>\nMedian Sale Price, YoY Change<\/b><\/td>\nHomes Sold, YoY Change<\/b><\/td>\nMedian Days on Market<\/b><\/td>\nMedian Days on Market, YoY Change (in Days)<\/b><\/td>\nShare of Homes that Sold Above List Price<\/b><\/td>\nQ2 Net Inflow of Redfin Users Searching in Area, YoY Change<\/b><\/td>\n<\/tr>\n
1<\/span><\/td>\nEl Dorado County, CA<\/span><\/a><\/td>\nSacramento, CA<\/span><\/td>\n $550,000<\/span><\/td>\n10.0%<\/span><\/td>\n57.3%<\/span><\/td>\n28<\/span><\/td>\n-7<\/span><\/td>\n32.2%<\/span><\/td>\n107%<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nCamden County, NJ<\/span><\/a><\/td>\nCamden, NJ<\/span><\/td>\n $215,000<\/span><\/td>\n13.2%<\/span><\/td>\n9.5%<\/span><\/td>\n28<\/span><\/td>\n-19<\/span><\/td>\n37.1%<\/span><\/td>\n512%<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nColumbia County, OR<\/span><\/a><\/td>\nPortland, OR<\/span><\/td>\n $350,000<\/span><\/td>\n13.3%<\/span><\/td>\n17.3%<\/span><\/td>\n18<\/span><\/td>\n-11<\/span><\/td>\n40.0%<\/span><\/td>\n78%<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nFairfield County, CT<\/span><\/a><\/td>\nBridgeport, CT<\/span><\/td>\n $490,000<\/span><\/td>\n16.7%<\/span><\/td>\n34.0%<\/span><\/td>\n70<\/span><\/td>\n1<\/span><\/td>\n24.7%<\/span><\/td>\n862%<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nMorgan County, IN<\/span><\/a><\/td>\nIndianapolis, IN<\/span><\/td>\n $200,000<\/span><\/td>\n14.3%<\/span><\/td>\n19.1%<\/span><\/td>\n7<\/span><\/td>\n-11<\/span><\/td>\n32.8%<\/span><\/td>\n133%<\/span><\/td>\n<\/tr>\n
6<\/span><\/td>\nComal County, TX<\/span><\/a><\/td>\nSan Antonio, TX<\/span><\/td>\n $342,100<\/span><\/td>\n9.8%<\/span><\/td>\n44.4%<\/span><\/td>\n55<\/span><\/td>\n-11<\/span><\/td>\n18.2%<\/span><\/td>\n78%<\/span><\/td>\n<\/tr>\n
7<\/span><\/td>\nCowlitz County, WA<\/span><\/a><\/td>\nLongview, WA<\/span><\/td>\n $329,000<\/span><\/td>\n17.9%<\/span><\/td>\n26.6%<\/span><\/td>\n9<\/span><\/td>\n-5<\/span><\/td>\n52.9%<\/span><\/td>\n-3%<\/span><\/td>\n<\/tr>\n
8<\/span><\/td>\nFauquier County, VA<\/span><\/a><\/td>\nWashington, DC<\/span><\/td>\n $475,000<\/span><\/td>\n13.1%<\/span><\/td>\n33.3%<\/span><\/td>\n42<\/span><\/td>\n-8<\/span><\/td>\n29.7%<\/span><\/td>\n-11%<\/span><\/td>\n<\/tr>\n
9<\/span><\/td>\nGloucester County, NJ<\/span><\/a><\/td>\nCamden, NJ<\/span><\/td>\n $224,500<\/span><\/td>\n12.3%<\/span><\/td>\n10.7%<\/span><\/td>\n31<\/span><\/td>\n-17<\/span><\/td>\n37.2%<\/span><\/td>\n64%<\/span><\/td>\n<\/tr>\n
10<\/span><\/td>\nSpotsylvania County, VA<\/span><\/a><\/td>\nWashington, DC<\/span><\/td>\n $344,950<\/span><\/td>\n17.8%<\/span><\/td>\n9.1%<\/span><\/td>\n30<\/span><\/td>\n-8<\/span><\/td>\n36.1%<\/span><\/td>\n15%<\/span><\/td>\n<\/tr>\n
<\/td>\nNational<\/b><\/td>\n–<\/span><\/td>\n$323,000<\/span><\/td>\n8.1%<\/span><\/td>\n9.8%<\/span><\/td>\n35<\/span><\/td>\n-1<\/span><\/td>\n29.9%<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Net inflow data covers the second quarter of 2020<\/span><\/p>\n

Expensive, dense areas\u2014especially in New York\u2014are cooling down<\/span><\/h2>\n

\"\"<\/p>\n

Bronx County, NY<\/a>, more commonly known as the Bronx, ranked number one on the list of U.S. housing markets that are cooling down. It is one of seven other New York markets, including Brooklyn, Queens and Staten Island, that are in the bottom 10. Home sales in the Bronx have plummeted 43% since last year while the number of Redfin.com users searching in the area dropped 16% in the second quarter.\u00a0<\/span><\/p>\n

\u201cPeople want out of New York City,\u201d said local Redfin agent <\/span>Ken Wile<\/span><\/a>. \u201cThis pandemic has changed everybody\u2019s lives. People who had to commute to the city no longer have to, so they want more space, more value and more nature.\u201d<\/span><\/p>\n

More than a <\/span>third<\/span><\/a> (34.2%) of Redfin.com users from the New York metro area looked to relocate in July\u2014a higher share than any other metro.<\/span><\/p>\n

Many people leaving New York City are moving north to Westchester and Putnam counties, Wile said, though he hasn’t noticed many people leaving New York state altogether.<\/span><\/p>\n

San Francisco County<\/a> ranked number two on the list of housing markets that have slowed down the most. New listings skyrocketed 110% year over year in July\u2014a sign that homeowners are fleeing. The San Francisco metro area has seen its supply of homes <\/span>increase<\/span><\/a> more than any other major metro since the pandemic began, forcing sellers to lower expectations for what they can reap in a sale. The region has seen a greater increase in <\/span>price drops<\/span><\/a> than any other major metro, with a quarter of sellers cutting prices. Still, San Francisco\u2019s median sale price remains sky-high at nearly $1.5 million.<\/span><\/p>\n

\u201cI\u2019ve been telling sellers that if they\u2019re not willing to compromise on price after a couple of weeks, they\u2019ll probably be holding onto their home for two to four more years,\u201d said San Francisco Redfin agent <\/span>Gabrielle Bunker<\/span><\/a>. \u201cA lot of sellers are having a hard time coming to terms with that\u2014they\u2019re really, really wishing that the market was the way that it was six to nine months ago.\u201d<\/span><\/p>\n

\u201cBetween the aging infrastructure, congestion, exorbitant home prices, unresolved concerns for people who are experiencing homelessness, and now the pandemic, some people are over San Francisco,\u201d Bunker continued. \u201cWe have renters here who are 30 years old, running huge budgets for their companies, making $150,000 a year, and are still living with roommates because they can\u2019t afford to buy a home. And for homeowners, the area\u2019s property tax dollars can become frustrating when city services and improvements are out of step with large bi-annual tax payments.\u201d<\/span><\/p>\n

\u201cFor years, people have been sticking around San Francisco for work even though they weren\u2019t necessarily loving the San Francisco experience. Now they\u2019re seeking out greener pastures because they finally can, with employers letting workers relocate in exchange for slightly reduced salaries,\u201d Bunker added. \u201cWhat I\u2019m seeing is people getting out of the city but staying local\u2014they\u2019re looking in places like Sausalito and Mill Valley. They don\u2019t want to go too far because the Bay Area still has a lot to offer, like proximity to Lake Tahoe and wine country.\u201d<\/span><\/p>\n

Housing Market Summary of U.S. Counties That Have Cooled Down the Most (July 2020*)<\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/b><\/td>\nU.S. County<\/b><\/td>\nParent Metro Area<\/b><\/td>\n Median Sale Price\u00a0<\/b><\/td>\nMedian Sale Price, YoY Change<\/b><\/td>\nHomes Sold, YoY Change<\/b><\/td>\nMedian Days on Market<\/b><\/td>\nMedian Days on Market, YoY Change (in Days)<\/b><\/td>\nShare of Homes that Sold Above List Price<\/b><\/td>\nQ2 Net Inflow of Redfin Users Searching in Area, YoY Change<\/b><\/td>\n<\/tr>\n
1<\/span><\/td>\nBronx County, NY <\/a>(The Bronx)<\/span><\/td>\nNew York, NY<\/span><\/td>\n $525,000<\/span><\/td>\n5.2%<\/span><\/td>\n-43.3%<\/span><\/td>\n75<\/span><\/td>\n10<\/span><\/td>\n18.3%<\/span><\/td>\n-16%<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nSan Francisco County, CA<\/span><\/a><\/td>\nSan Francisco, CA<\/span><\/td>\n$1,450,000<\/span><\/td>\n0.0%<\/span><\/td>\n-4.9%<\/span><\/td>\n24<\/span><\/td>\n5<\/span><\/td>\n53.0%<\/span><\/td>\n-7%<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nSuffolk County, MA<\/span><\/a><\/td>\nBoston, MA<\/span><\/td>\n $661,000<\/span><\/td>\n0.5%<\/span><\/td>\n-8.7%<\/span><\/td>\n21<\/span><\/td>\n5<\/span><\/td>\n39.3%<\/span><\/td>\n-10%<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nKings County, NY<\/a> (Brooklyn)<\/span><\/td>\nNew York, NY<\/span><\/td>\n $825,000<\/span><\/td>\n-9.8%<\/span><\/td>\n-50.7%<\/span><\/td>\n110<\/span><\/td>\n6<\/span><\/td>\n7.7%<\/span><\/td>\n5%<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nDutchess County, NY<\/span><\/a><\/td>\nPoughkeepsie, NY<\/span><\/td>\n $328,000<\/span><\/td>\n2.5%<\/span><\/td>\n-13.8%<\/span><\/td>\n71<\/span><\/td>\n22<\/span><\/td>\n24.4%<\/span><\/td>\n-117%<\/span><\/td>\n<\/tr>\n
6<\/span><\/td>\nOntario County, NY<\/span><\/a><\/td>\nRochester, NY<\/span><\/td>\n $204,000<\/span><\/td>\n-11.9%<\/span><\/td>\n-31.2%<\/span><\/td>\n20<\/span><\/td>\n3<\/span><\/td>\n40.2%<\/span><\/td>\n-125%<\/span><\/td>\n<\/tr>\n
7<\/span><\/td>\nRensselaer County, NY<\/span><\/a><\/td>\nAlbany, NY<\/span><\/td>\n $188,040<\/span><\/td>\n-1.0%<\/span><\/td>\n-12.9%<\/span><\/td>\n30<\/span><\/td>\n3<\/span><\/td>\n38.0%<\/span><\/td>\n-243%<\/span><\/td>\n<\/tr>\n
8<\/span><\/td>\nQueens County, NY<\/a> (Queens)<\/span><\/td>\nNew York, NY<\/span><\/td>\n $550,000<\/span><\/td>\n-6.8%<\/span><\/td>\n-38.6%<\/span><\/td>\n89<\/span><\/td>\n23<\/span><\/td>\n11.7%<\/span><\/td>\n160%<\/span><\/td>\n<\/tr>\n
9<\/span><\/td>\nNorfolk County, MA<\/span><\/a><\/td>\nBoston, MA<\/span><\/td>\n $560,000<\/span><\/td>\n2.7%<\/span><\/td>\n-7.3%<\/span><\/td>\n21<\/span><\/td>\n5<\/span><\/td>\n45.7%<\/span><\/td>\n-167%<\/span><\/td>\n<\/tr>\n
10<\/span><\/td>\nRichmond County, NY<\/a> (Staten Island)<\/span><\/td>\nNew York, NY<\/span><\/td>\n $550,000<\/span><\/td>\n0.0%<\/span><\/td>\n-38.8%<\/span><\/td>\n61<\/span><\/td>\n16<\/span><\/td>\n7.9%<\/span><\/td>\n-65%<\/span><\/td>\n<\/tr>\n
<\/td>\nNational<\/b><\/td>\n–<\/span><\/td>\n$323,000<\/span><\/td>\n8.1%<\/span><\/td>\n9.8%<\/span><\/td>\n35<\/span><\/td>\n-1<\/span><\/td>\n29.9%<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*Net inflow data covers the second quarter of 2020<\/span><\/p>\n

Methodology<\/span><\/h2>\n

This report provides a prediction of the U.S. housing markets that have heated up and cooled off the most by creating a ranking of U.S. counties based on<\/span> year-over-year growth in the following metrics in July 2020: median sale price, median days on market, number of homes sold and share of homes that sold above list price. To make it into the ranking, counties had to have at least 30 home sales in July 2020. The net inflow of Redfin.com users searching online for homes in each county during the second quarter also factored into the ranking. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Relatively inexpensive areas outside major cities\u2014like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia\u2014are gaining ground with homebuyers as New York City and San Francisco lose steam.<\/p>\n","protected":false},"author":13346,"featured_media":70335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[60,42],"tags":[9,20],"coauthors":[],"class_list":["post-70334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coronavirus-housing-market-news","category-migration","tag-coronavirus","tag-housing-affordability"],"acf":[],"yoast_head":"\nHere Are the Housing Markets That Are Heating Up and Cooling Down<\/title>\n<meta name=\"description\" content=\"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities\" \/>\n<meta property=\"og:description\" content=\"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-22T04:33:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-08T00:41:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"803\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lily Katz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lily Katz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/\"},\"author\":{\"name\":\"Lily Katz\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\"},\"headline\":\"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities\",\"datePublished\":\"2020-09-22T04:33:18+00:00\",\"dateModified\":\"2020-10-08T00:41:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/\"},\"wordCount\":1954,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/luxury-home-2412145_1920.jpg\",\"keywords\":[\"Coronavirus\",\"Housing Affordability\"],\"articleSection\":[\"Coronavirus Housing Market News\",\"Migration\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/\",\"name\":\"Here Are the Housing Markets That Are Heating Up and Cooling Down\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/luxury-home-2412145_1920.jpg\",\"datePublished\":\"2020-09-22T04:33:18+00:00\",\"dateModified\":\"2020-10-08T00:41:48+00:00\",\"description\":\"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/luxury-home-2412145_1920.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/luxury-home-2412145_1920.jpg\",\"width\":1200,\"height\":803},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/hot-housing-markets-affordable-pandemic\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\",\"name\":\"Lily Katz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"caption\":\"Lily Katz\"},\"description\":\"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/lily-katzredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Here Are the Housing Markets That Are Heating Up and Cooling Down","description":"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/","og_locale":"en_US","og_type":"article","og_title":"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities","og_description":"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.","og_url":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2020-09-22T04:33:18+00:00","article_modified_time":"2020-10-08T00:41:48+00:00","og_image":[{"width":1200,"height":803,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg","type":"image\/jpeg"}],"author":"Lily Katz","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Lily Katz","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/"},"author":{"name":"Lily Katz","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f"},"headline":"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities","datePublished":"2020-09-22T04:33:18+00:00","dateModified":"2020-10-08T00:41:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/"},"wordCount":1954,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg","keywords":["Coronavirus","Housing Affordability"],"articleSection":["Coronavirus Housing Market News","Migration"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/","url":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/","name":"Here Are the Housing Markets That Are Heating Up and Cooling Down","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg","datePublished":"2020-09-22T04:33:18+00:00","dateModified":"2020-10-08T00:41:48+00:00","description":"Relatively affordable areas outside major cities are gaining ground with homebuyers, while expensive, dense places lose steam.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/09\/luxury-home-2412145_1920.jpg","width":1200,"height":803},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/hot-housing-markets-affordable-pandemic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers\u2019 Priorities"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f","name":"Lily Katz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","caption":"Lily Katz"},"description":"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.","url":"https:\/\/www.redfin.com\/news\/author\/lily-katzredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/70334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13346"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=70334"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/70334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/70335"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=70334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=70334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=70334"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=70334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}