The ongoing repercussions of the COVID-19 pandemic continue to shape the U.S. real estate market, influencing both the geographical preferences of families and their housing choices.
Initially, the pandemic prompted a migration of families from densely populated urban areas to more spacious homes in rural or suburban settings. Contributing factors such as increased personal savings rates, the rise of remote work flexibility, and historically low interest rates fueled a substantial demand for larger single-family homes.
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