Study Shows Residential Property Sales Increase in Rural PA During Pandemic
The Center for Rural Pennsylvania has released a study showing that rural Pennsylvania counties experienced a housing boom during the COVID-19 pandemic. From 2019 to 2020, there was a 7% increase in rural home sales and a 6% decrease in urban home sales statewide. The growth was particularly pronounced in the northeast – Wayne, Pike, and Monroe counties and many of the home buyers were from New York, New Jersey, and the Philadelphia region.
“During the course of the pandemic, the Center was hearing anecdotal accounts of large influxes of new residents to rural Pennsylvania,” Sen. Gene Yaw, Center board chair, said. “To find out if there were actual numbers behind these stories, the Center analyzed residential property transfer data and found that, for the most part, these accounts had merit.”
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