WSJ News Exclusive | RV Capital of America Tops WSJ/Realtor.com Housing Index in Third Quarter

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A town that bills itself as the RV capital of the world tops our list of emerging housing markets in a quarter dominated by small U.S. cities

“There’s a lot of flux in the housing market because of the flexibility people have,” said Ben Ayers, senior economist at Nationwide Insurance. “We’ve seen huge demand for homes in suburban and exurban areas, as many people decided they want to move out from the center cores.”, as households wanted to travel while keeping their distance from others. Wholesale RV shipments in the first eight months of 2021 rose 53.8% from the same period in 2020, according to the RV Industry Association.

The city of Elkhart, with a population of about 52,000, is more diverse than the broader metro area. Elkhart’s population is about 26% Hispanic and 15% Black, according to census data.Low mortgage-interest rates have fueled strong demand from first-time home buyers, said Patty Miller, president of the Elkhart County Board of Realtors.

About 65% of page views on Elkhart-area property listings came from outside the metro area in the second quarter, up from about 61% a year earlier, according to Realtor.com. The top metro areas for interest in Elkhart listings were Chicago, South Bend, Ind., and Detroit.

 

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