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COVID Could Cause Real Estate Vacuum In Big Cities, Boom in Rural Towns

Based on trends spurred by the pandemic, Fitch Ratings is predicting a transformation in the real estate markets of big and small cities.

The way the COVID-19 pandemic is changing daily life may drive the population away from big cities into small towns, with businesses following, which will change demand for real estate, according to a new report.

Through an exploration of trends the virus has brought to retail, office, hotel and residential real estate, as well as the air travel and vacation industries, the report by Fitch Ratings, a global credit-rating and research company, makes some predictions for the future.

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Angela Morris

Angela Morris

Angela Morris is ALM Media's Texas litigation reporter. She covers lawsuits in all levels of Texas state and federal courts. Based in Austin, Morris earned journalism and government degrees from the University of Texas at Austin in 2006, and since then, has worked primarily as a reporter and writer, but also has skills in videography, photography and podcasts. Follow her on Twitter at @AMorrisReports.

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