During the Pandemic Housing Boom, housing demand surged rapidly amid ultra low interest rates, stimulus, and the remote work boom—which increased demand for space and unlocked “WFH arbitrage” as high earners were able to keep their income from a job in say, NYC or L.A., and buy in say Austin or Cape Coral-Fort Myers. Of course, the past few years have looked much different than the overheating of 2021.
Full article here: Housing market post-boom re-calibration explained
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