How Has Remote Work Affected Home Values Across the US?
The work-from-home movement throughout the COVID-19 pandemic led to a Great Migration away from crowded metros and changed the way Americans view work-life balance. According to Forbes, that trend is here to stay, at least for the time being.
As a wave of Americans left urban areas in favor of larger and less-expensive properties, rental costs and house prices grew substantially in suburban areas and fell in popular cities.
Indeed, the recent Workmonitor from HR services provider Randstad found that the current macroeconomic circumstances are not changing employee demands which started during the pandemic: workers still want flexibility, value alignment, and a good work-life balance, with 61% of workers not accepting a job if it impacts work-life balance.