In areas dominated by industries amenable to remote work, price gains have been large where housing was previously cheap
2020, American house prices have risen by 33%. But the increase has not been evenly spread. The covid-19 pandemic, and the lockdowns and restrictions it inspired, have changed where homebuyers want to live.
Warm-weather areas across the American south have seen some of the biggest increases in house prices. Other suburban and exurban counties have also seen big rises, especially ones with good weather. These areas often contain affordable housing and industries friendly to remote work.
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