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It is happening, but it takes time as those cities can only grow as fast as palatable housing stock comes online. The largest percentage growths in home values,
by 1123581321 2y ago
It is happening, but it takes time as those cities can only grow as fast as palatable housing stock comes online. The largest percentage growths in home values, with short days on market, have have been in Rockford, Akron, Fort Wayne, Lansing, etc. There is new construction in all of these markets, but much of it is from rehabbing old manufacturing buildings, another limiter, or from a mix of public and private money that city government can only consider so quickly. Economic growth is mostly in services to support the remote jobs. Building new primary businesses (sell out of local market) might never happen. So they look just as sleepy as ever even though there’s a lot of activity in housing and new transplants.