Working from home played part in home price jump, new study says - News Summed Up

Working from home played part in home price jump, new study says


FILE - A for sale sign is displayed outside a home in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021. (AP Photo/Gene J. Puskar, File)The “great reshuffling” has been a huge reason why home prices have been skyrocketing. Many people turned to warmer climates around the Sun Belt, a move that was a significant driver in prices. AdBy the end of the fourth quarter of 2021, the median single-family home in Austin, Texas, grew by 26%. This “great reshuffling” has created a nationwide demand for housing as more and more people work from home and get the choice about where they want to live.


Source: CNN May 31, 2022 15:01 UTC



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