Working from home was a significant driver of this "Great Reshuffling" and accounted for more than half of the steep increases in home prices seen during the pandemic, new research has found. Home prices grew by 23.8% during the pandemic, according to the researchers' population-weighted analysis of Zillow's home price index between December 2019 and November 2021. 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.

Source: CNN May 31, 2022 00:41 UTC