Federal Reserve finds working from home has been a big driver of inflation - Marketplace
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When Cadena started working from home in 2020, that bedroom started to feel like their only escape from work.
Chief among them: housing and the transition so many have made to working from home.
So basically, one room that was the living room, dining room and a little galley kitchen where you could, like, see into the whole place, and then a separate bedroom.
Researchers at the San Francisco Fed and the University of California, San Diego, said the move to remote work was an important factor in the 24% rise in home prices between November 2019 and November 2021.
Researchers at the Federal Reserve Bank of San Francisco said Monday the work-from-home shift brought on by the pandemic may account for more than half of overall home price increases in the United States.
“Our work suggests that housing demand is going to remain elevated relative to where it was before the pandemic,” said Johannes Wieland of UCSD, who worked on the Fed’s research.
At the start of the pandemic, Kim Cadena lived in a 700-square-foot rental in Alexandria, Virginia, where they work as a housing analyst for the city.
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