All-cash offers and 18 bids on a single home: Realtors describe the frenzied state of the suburban market as people abandon New York City

The shift to remote work that accompanied social distancing is driving many urbanites to move to less dense areas — especially in the suburbs around New York City  Business Insider spoke to four real estate agents in Westchester County, the Hamptons, Northern New Jersey, and Southern Connecticut, and they’ve all seen a massive influx of buyers from the city. Bidding wars are breaking out as millennials already wanted out of the city, and the coronavirus pandemic made them want it more. Commutable suburbs are desirable — but so are second-home locations like the Hamptons. Visit Business Insider’s homepage

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