December 7, 2017
The suburbs are making a comeback in 2018. Due to rising housing costs in U.S. cities, such as New York, Austin, San Francisco and Boston, millennials and middle-class families are opting for suburban neighborhoods over urban living. “Home buyers are facing an 'affordability challenge,'" said Chief Economist Lawrence Yun of the National Association of Realtors (NAR). "The inventory shortage has been pushing prices up too fast beyond people's income growth."