During the pandemic, housing markets in Florida and Texas enjoyed a surge in popularity. Unencumbered by office attendance, remote workers headed south to cash in on the Sunbelt’s warm temperatures, low tax rates, and new construction.
But that story is being rewritten now. Homebuyers are now prioritizing affordability and steady employment, meaning Rust Belt cities are now stronger than their Sunbelt counterparts. Ohio, in particular, is a quiet champion of the American housing market, thanks to the allure of the Cleveland Clinic, and a $20 billion Intel plant. Oh, and homes that are about 30% cheaper than those on the coasts.
