Suburbia’s Comeback Part II: Virtual Communities & Remote Employee Incentivization

  • In May, contracts to buy New Jersey homes priced at more than $2.5 million soared 69% from a year earlier…The increase came entirely from counties just beyond the city.
  • “When you go from a $3 million apartment to a $3 million home, you triple or quadruple your space…You really don’t care if the mayor shuts down the beaches, or the mayor shuts down the parks, because you’ve got all that in your backyard.”
Source: Patrick Carlisle, Compass, Bloomberg

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