The Housing Boom Is This Summer’s Biggest Trend
Two years ago, I decided to pack up my bags and leave New York City to move to South Florida.
Now, with the COVID-19 pandemic spreading throughout major cities, many Americans are making a similar choice.
Suburbs across the country are facing inventory shortages today. And online real estate brokerage Redfin just released a new report showing that housing prices have soared over the past few months.
In today’s Market Insights video, my colleague Michael Carr and I discuss some of the reasons for this new housing boom, as well as a similar case of urban flight we saw in the past.
Editor, Automatic Fortunes
My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives