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.
Advertisement
Related Stories
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
Market Data + Trends
10 States Where Home Insurance Rates Have Risen the Most
Responding to the increasing number of natural disasters, insurers are hiking prices, with some states bearing the brunt more than others