Recent Real Estate data indicates that there has been a surge in American’s moving to the suburbs. Working from home has given many people the opportunity to work further away from the city. As a result, homeowners are able to move to neighborhoods that offer greater affordability. The lure of suburbia offers more affordable larger homes. Which allows homeowners the ability to create office and home gym spaces. In addition, many people are faced with the challenge of caring for older parents and adult children. Therefore they are seeking multi-generational homes. Suburbia answers these needs.  In addition, to providing less congested amenities for activities such as hiking, running, sports, and children play areas.

As demand rises for homes located in the suburbs it has become challenging for buyers to purchase homes due to limited supply. Home buyers are facing unprecedented “bidding wars”. It is not unusual for sellers to receive up to thirty-five offers in a little as two days on the market. As a result, high demand and limited supply has led to a rapid appreciation of market values within many of these suburban neighborhoods.

Yet, there are factors that are currently changing and will determine the future of the real estate market. First, interest rates have been on the rise over the past two weeks. Second, inflation indicators are predicting higher inflation in the near future. Third, the government’s forbearance policy, allowing homeowner’s to stay in their homes while not making payments, has been extended for a year.

Suburban homes prices may be peaking and now is most likely THE BEST time to sell.