[quote=deadzone]
Just another ominous sign for the housing market along with rapidly rising interest rates. [/quote]
I seriously doubt if remote work has driven the housing market much. If it had, then for every area that went up, another would have gone down. But that didn’t happen. Prices are up everywhere. (Well, okay a bit of a drop in St. Georges Utah, but let’s not quibble about details.)
So claiming the end of remote work is going to kill the housing market doesn’t make any sense. If you really want to claim that, you’ve got to provide some data that shows the recent surge in prices is in fact the result of tech workers moving from SV to other places like San Diego. And sorry, but just because some people say that’s what has happened, doesn’t make it so. Show real data that the recent growth in prices is the result of tech workers moving out of SV if you want to make this claim.
