As the nation continues to rebound and remote work becomes likely more permanent, we're looking at the potential positive impacts.
In the housing market, Zillow found a majority of people surveyed said they would consider moving if they had flexibility working from home, generally to a larger home in the suburbs where prices also tend to be less expensive.
"But maybe not the open kitchen layout or the open living spaces that are so popular for parties and pretty challenging for conference calls," explained Skylar Olsen, Zillow Senior Economic Principal Economist. "So you're also looking at houses that have dedicated rooms whether its an extra bedroom or dedicated office space."
A possible silver lining if a new trend to suburbia emerges - some of the most expensive housing prices around downtown and busy metro areas could relax.
Right now, Zillow predicts home prices will drop about two to three percent before rising again after the fall.
------------------------------------------------------------
Stay in touch with us anytime, anywhere.
To reach the newsroom or report a typo/correction, click HERE.
Download our free app for Apple,Android, Roku and Amazon devices.
Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Evening News Headlines, Latest COVID-19 Headlines, Morning News Headlines, Special Offers
