A potential housing crisis is brewing in some dense, overpriced housing markets as new work trends come into play.
Recent data on housing shows that sales remain strong, with only a small drop in prices.
However, longer-term trends are likely to lead to significant drops in today’s high-priced markets.
The shift towards a remote workforce will correct housing imbalances in markets that otherwise may have gone unsolved.
Many have feared a repeat of the 2008 housing crisis this year as the economy shut down. So far, however, signs indicate that the overall market is holding up well.