Wednesday, September 2, 2020

"Demand Is Insane": NYC Movers Turn People Away, Suburban & Rural Housing Snagged Up, As Big City COVID-Exodus Accelerates

The pandemic-induced summer of escape from New York continues at a moment violent crime is on the rise, restaurant and public venue closures make the city less appealing, public transit is reeling in debt, and remote working set-ups are giving those with means greater mobility.

Two separate NY Times reports on Sunday detailed that moving companies are so busy they're in an unprecedented situation of having to turn people away, while simultaneously the suburbs are witnessing an explosion in demand "Unlike any in recent memory".

Then there's fresh data showing that during the pandemic Americans are fast getting the hell out of the more expensive "Real estate meccas" of New York and New Jersey.

The number of those moving outside of New York City is up 50 percent - including a nearly 232 percent increase to Dutchess County and 116 percent increase to Ulster County in the Hudson Valley.

"The first day we could move, we left," a dentist was cited as saying of the moment movers were declared an "Essential service" by Gov. Cuomo late March.

Since the pandemic began, the suburbs around New York City, from New Jersey to Westchester County to Connecticut to Long Island, have been experiencing enormous demand for homes of all prices, a surge that is unlike any in recent memory, according to officials, real estate agents and residents.

Bloomberg describes separately that "Far more people moved to Vermont, Idaho, Oregon and South Carolina than left during the pandemic, according to data provided to Bloomberg News by United Van Lines."
 

https://www.zerohedge.com/markets/demand-insane-nyc-movers-turn-people-away-suburban-rural-housing-snagged-big-city-covid 

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