How will the rise of remote work continue to shape housing demand?

The rise of remote work will continue to reshape housing demand by shifting the preferences of both renters and homebuyers. Many workers, now unbound from commuting to urban offices, are seeking more spacious homes in suburban or rural areas where they can enjoy a higher quality of life at a lower cost. This trend is likely to fuel demand for larger homes with dedicated home offices, access to outdoor spaces, and proximity to good internet connectivity. In urban centers, demand may decrease for smaller apartments as people seek more space for home offices and remote work setups. The long-term shift could lead to a rebalancing of housing markets, with suburban and rural areas seeing population growth and potential increases in property values, while urban markets adapt to the demand for more flexible living arrangements.