One of the most striking effects of the pandemic in New York was the outbound movement from Manhattan to less crowded suburban neighborhoods and the subsequent boom of the suburban real estate market. Real estate in the city and suburbs seemed to be a zero sum game.

“This outbound pattern created the idea that the suburbs had their day at the cities’ expense, and that cities were over,” said Jonathan Miller, of Miller Samuel, the appraisal company. “As it turns out, the assumption that there’s a binary relationship between city and suburbs isn’t quite right, as measured by sales activity.”

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When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one

While the Berkeley sale was particularly sensational — it sold for double its list price and received 29 offers — these individual stories are becoming more common in today’s real estate market, according to recent data and anecdotes from real estate professionals. 

And that’s especially true in the East Bay. “People are not surprised when a home goes $1 million over,” said Josh Dickinson, the founder of

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Red-hot real estate: WESH 2 News investigates the housing market



JIM: IT’S GOT MILD-MANNERED, FRIENDLY PEOPLE READY FOR WAR. >> IT’S AN EMOTIONAL ROLLER-COASTER, IT REALLY IS. JIM: HOMES BEING SOLD JUST HOURS AFTER HITTING THE MARKET. THEY ARE ABOVE ASKING PRICE OFFERS. PEOPLE COMING IN FROM ALL OVER THE NATION. WHY CENTRAL FLORIDA HAS SUDDENLY BECOME A BATTLEGROUND FOR REAL ESTATE. ANYONE IN THE MARKET FOR A NEW HOUSE WILL TELL YOU IT’S MADNESS OUT THERE. AS SOON AS THE FOR SALE SIGN GOES UP, OFFERS COME FLYING

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Mortgage rates are no longer at record lows, but it’s still an excellent time to buy a home. Here are four reasons why. (iStock)

The ongoing coronavirus pandemic has caused global challenges, and it continues to affect the personal finances of many Americans. According to a Pew Research Center survey, 44% of respondents believe it will take them three years or longer to recover financially. 

The pandemic has also had a significant impact on the national home market. According to the National Association of Realtors, existing home sales fell in March, dropping 3.7% from the

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A local not-for-profit resale store has opened a second location that also doubles as a donation drop off point and as a new popup home for a local cookie shop.

Resale to the Rescue, a retail store that sells donated items and gives proceeds to local animal groups, opened its home décor store in February merely four doors down from its first location at 905 W. McKinley Ave., in Mishawaka.

Founder Jan Caudell said the group rented the space at 805 W. McKinley Ave. next to Cricket Wireless in order to provide a space for such donated items as clothing,

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The real estate market in Lancaster County is red-hot right now.Average prices have risen more than 10% in the last year, if you can even find a home to buy.Adrian Young has been a realtor for 16 years and said he’s never seen anything like it.”It’s just a perfect storm of factors that are creating the market that we have,” he said. It may be the best seller’s market – ever.”We have a national shortage of inventory, so there’s really nothing for people to buy. The interest rates are nice and low – still historically low – so buyers are … read more