Remote work drove more than 60% of home price surge during pandemic: Fed study
The shift toward remote work was overwhelmingly responsible for the major surge in home prices that occurred during the COVID-19 pandemic, according to research conducted for the Federal Reserve Bank of San Francisco.
The Fed researchers noted that US home prices jumped by 24% from November 2019 to November 2021 – a period in which as many as 60% of employees were working from home as COVID-19 spread.……
Read full article on New York Post
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