Thursday, April 23, 2020

Moving Out and Not Coming Back.

Moving Out and Not Coming Back. By JIM GERAGHTY
Excerpt: Today in the Wall Street Journal, Anne Kadet writes about the New York City residents who are moving out, and not coming back: "They’re hardly the only family spurred by the pandemic to make a fast move, said Alison Bernstein, founder and president of Suburban Jungle, a company that specializes in matching city clients with their ideal suburban town, and helped the Usherenkos find their new home. “This whole thing is catastrophic and petrifying for families in urban areas,” she said. “People want out of the city and now.” Ms. Bernstein said demand for her firm’s services is up 40% from the same period last year. Some are prompted by safety concerns. Others worry the shelter-in-place edict will drag on, confining them to small city apartments. Carlo Siracusa, president of Residential Sales for N.J.-based Weichert Realtors said while inventory is low due to sellers pulling homes off the market, demand remains high because of a new wave of city dwellers shopping in the suburbs. “They’ve been confined to a small space the last 45 days and want out,” he said. “There’s a sense of urgency.”

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