3 Ways Remote Work is Changing the Real Estate Industry Forever

43% of full-time employees worked at home in 2020. That's almost double the 22% reported in 2019. 

According to the U.S. Bureau of Labor Statistics, those numbers appear to be leveling off, but in many industries, remote work is becoming the norm, rather than the exception – especially with new variants of Covid-19 continuing to circulate throughout the United States. 

Those numbers have many wondering whether the increase in remote work impacts the price of real estate, and what repercussions could be expected for real estate investors. Here's what we found. 

How Remote Work Impacts Cost of New Homes

There is no question that remote work is changing the real estate market. On the one hand, it increases the demand for homes with separate office areas.  

The U.S. Census Bureau reported more than a third of U.S. households are working from home more frequently than before the pandemic. 

Remote Work Affecting Residential Investments

Remote work is also changing the price and value of homes based on location. The popularity of remote work is driving an “untethering” of people who felt the need to live close to expensive downtowns in the past.