Coronavirus News
Tahoe, Vail Aren’t Just for Vacation Anymore as Homebound Families Move In…
INCLINE VILLAGE, Nev.—The “aha moment” for Brett Rossmann came when he realized that with everyone at his digital marketing company working from home because of coronavirus, he could just as easily be living in the mountains rather than crowded Los Angeles. “We are huge into the outdoors,” said the 45-year-old Mr. Rossmann, whose family of…
INCLINE VILLAGE, Nev.—The “aha moment” for Brett Rossmann came when he realized that with everyone at his digital marketing company working from home because of coronavirus, he could just as easily be living in the mountains rather than crowded Los Angeles.
“We are huge into the outdoors,” said the 45-year-old Mr. Rossmann, whose family of four is closing on a sale of a new home here in this Lake Tahoe community. “It’s ‘win, win, win’ on lifestyle.”
Residents of expensive metro areas around the U.S., who can now work remotely and no longer want to deal with urban ills, are fueling real-estate booms in smaller cities and resort areas—particularly in the West.
The boom is part of heightened buying activity in less-populated areas across the U.S., all fueled by the same motivation: people seeking more open spaces after being cooped up during the pandemic.
In Reno, Nev., real-estate salesman Mike Wood said he is on track to close 31 home sales totaling $14 million this month compared with 18 worth $8 million in August last year—a 75% jump. “We have never been this busy,” Mr. Wood said.
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