You still have about 30% that are saying, ‘If I’m able to work remotely at least part of the time, maybe all the time, then perhaps I want to live somewhere differently than where I live today, maybe even in somewhere a little more affordable,’” Gorman said. “So while home prices are increasing, affordability is a relative term and we’re seeing some people take advantage of that.”
I found this quote interesting. From what I have been reading, traditionally hot costal markets are aomewhat lukewarm while less competitive markets are red hot. The migration phenomenon that many have spoke of.
Looked at Redfin’s market analysis, while nationwide home prices are up 14%, they are not up in all markets.
https://www.redfin.com/us-housing-market
In Boston the $/sqft is down 2% year over year and manhattan is down 5%. I believe $/sqft is a better apples to apples comparison.
Also if you look at top growing and most competitive you see Boise on the top 10 of the list not Seattle or San Francisco FWIW.
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