Remote work allowed some people to move to places farther away from their office and prompted others to buy larger homes to accommodate their new lifestyles. And the study found that remote work accounted for 15.1% of that growth. He added that the evolution of remote work is likely to have a large impact on the future path of home prices and inflation. “We were pretty shocked remote work had this impact, once we saw the estimates,” Wieland said. “There is more remote work where the weather is nice,” he said.

Source: CNN May 30, 2022 12:47 UTC