10 Predictions for the Suburbs of NYC in 2020

10 Predictions for the Suburbs of NYC in 2020 

1) Suburban home demand should remain very strong driven by the rise of the millennial home buyers.

2) Suburban home supply for entry level buyers will be limited.  Preparation and education are essential.

3) Starter home prices may continue to rise slowly with high demand and supply shortages.

4) Interest rates should remain favorable for home buyers.

5) Strong opportunities for luxury suburban home buyers in the $2.5 / $3mm and higher range.

6) NYC apartment sellers face headwinds. Suburban home buyers who need to sell before they buy need to prepare and be flexible with timing and pricing. It may take longer and be more stressful to sell a NYC apartment in 2020.

7) Suburban home buyers continue to evaluate local real estate taxes town by town but with a balanced outlook if they work in NYC and currently pay NYC income taxes.

8) Millennials moving FromCityTo suburbs who are more interested in renting before buying will be frustrated by the lack of quality suburban rental homes in their desired towns.

9) Move-in ready homes in highly desirable towns may continue to see bidding wars.  Preparation & understanding are paramount to ones success.

10) Value opportunities may still exist with an open mind on commute times, school ratings, home condition and location within a town.  


Considering a move to the Suburbs of NYC?

Need more living space?

Access to great schools?

A livable commute?

A town and community vibe that you can seamlessly transition your family into?

With so many fantastic towns to explore, where do you begin?

FromCityTo.com can help you via our signature Discover | Research | Tour | Move / HOME process to finding YOUR perfect place in the Suburbs of NYC – for FREE!   

The FromCityTo.com approach is incredibly valuable for first-time home buyers considering a move to the suburbs.

Leaving the City-life behind is not easy. We completely understand how you feel. Not so long ago we were in your shoes too!  We understand relocating can be overwhelming.  From schools to the commutes to finding that perfect town vibe!

Start your suburban journey today – for FREE – with a trusted partner by your side.

Register to join our community, schedule your #SuburbanSuccessCall & learn more about our signature #CommunityTours.

Join our community here & schedule your FREE Suburban Success Call here to get started.

To your New Beginnings!

Jenn

 

The views and opinions expressed in this blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.  Assumptions made in the analysis are not reflective of the position of any entity other than the author and since we are critically-thinking human beings, these views are always subject to change, revision and rethinking at any time.  Please do not hold us to them in perpetuity.  Additionally, the views and opinions expressed above provided by our bloggers or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.