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Millennials and Gen Z are fleeing cities and buying up homes in the suburbs amid the coronavirus pandemic

8 days ago   |   By Business Insider

Michael H/Getty Images
Millennials and Gen Z are flocking to the suburbs as the coronavirus pandemic continues unabated in the US.
According to new research from investment management firm Cowen and Company , 48% of millennials reported living in the suburbs compared with 44% in 2019 - 49% of Gen Z reported living in the suburbs, up from 41% in 2019.
Home-ownership is rising among both Gen Z and millennials as well, with 30% of 18- to 24-year-olds saying they own their homes, up from 19% last year.
While the move toward suburbia has been an emerging trend since 2017, the pandemic appears...
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