For those who can give up it, the coronavirus crisis has caused a home-buying frenzy.
In the last year, 1 in 20 adults moved, either interminably or temporarily, from where they were living due to the Covid outbreak, according to a recent report by the Pew Research Center.
Not everyone is fever pitch from the city to the suburbs, however. In the New York metro area, for example, 3 of the 5 most popular places to relocate to from Manhattan were less than 15 miles away, according to a disconnect analysis of data from the U.S. Postal Service by Bankrate.com.
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Scarcely regardless of location, prices are rising in face of skyrocketing demand.
That, in turn, has fueled an affordability problem for profuse would-be buyers, despite mortgage rates near the lowest levels ever.
Here’s a look at how much you sine qua non to earn now to afford a home in the country’s most popular cities, according to a new analysis by Zippia.com.
For most people on the shift, hot spots like San Francisco and New York remain well out of reach. On the flipside, Detroit and Akron or Toledo, Ohio are extent affordable.