Thursday, April 16, 2015

Exurbs Are Back

Writing for RealClearPolicy, Teresa Wiltz reports the exurbs are once again the hot destination for home buyers. This was true before the recession, not true during the recession, and true once again today.

The demographic moving there is older, more established. Once it was the young who couldn't afford nice homes closer to the city. Today it is successful midlife couples who want more space, more privacy, fewer neighbors, less traffic, and certain "country" amenities.

At COTTonLINE we resonate strongly with this story, having ourselves moved to "the country" nearly thirty years ago. Our nearest neighbor is a couple of hundred yards distant and two large adjacent properties are pastures. We happily give up the convenience of city living to gain serenity, privacy and space.