Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities – The Wall Street Journal - Freelance Rack

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Saturday, May 30, 2020

Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities – The Wall Street Journal

The rise of remote working could empower renters in places like New York City and San Francisco to finally buy homes—just not necessarily in those cities. That could be good news for major online real-estate companies such as Zillow and Redfin once the market thaws out.

Transactions have plummeted globally as a result of the coronavirus pandemic. Global real-estate tech strategist Mike DelPrete says short-lived transaction declines of as much as 90% have been observed in cities in China, South Korea and Italy at the height…



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