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Why the Housing Market Is so F%#@ing Insane Right Now

The Breakdown

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The Work From Home Trend

The net effect of a decade of under building is that there is massively more demand for new houses than there is supply. Fredimac's chief economist, sam cotter, estimated that the housing supply was short three point eight million units. But even before covid, there was a distinct shift in work habits, with more people choosing to leave cities and work remotely. There are a lot of reasons for this: thanks internet,. The cost of living in cities has been on an upward trajectory forever. And fourth, millennials were simply coming into home buying age.

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