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Updated about 2 years ago,
Work from home effect on real estate markets
Considering that the job market was such a strong factor for such a long time in the value of an area and properties; how does the paradigm of a large percent of the working force (~17.9%) 27.6 million working from home change that dynamic? An argument can be made as well that number will only increase in the next 10-15 years as a lot of companies are breaking out of the old mindset of the traditional work dynamic.
This could lead to some areas that have been resilient for a long time due to the amazing job market around them taking a bit of a hit, and other areas that have other important criteria's such as great schools, walking score, etc. that could see an increase in value over the next 5-10 years.
Something to think about, let me know all of you thoughts!
Work from home source
Brian Schroeder
Real Estate Investor | North New Jersey