Trends often start in New York. The latest: quitting the city and moving to the suburbs.
If not quite an exodus, the pandemic has sent enough New Yorkers to the exits to shake up the area's housing market. Longtime real estate agent Susan Horowitz says she has never seen anything like it. She describes the frantic, hypercompetitive bidding in the suburb of Montclair, N.J., as a "blood sport."
"We are seeing 20 offers on houses. We are seeing things going 30% over the asking price. It's kind of insane," Horowitz says.