Housing market shift explained—and where it’s happening the quickest

The housing market has undergone a significant shift during the pandemic, driven by ultralow interest rates, economic stimulus, and a surge in remote work. This shift has led to "WFH arbitrage," where high earners relocate to more affordable areas like Austin or Florida while maintaining their urban incomes. Federal Reserve researchers note that new construction is rising in these areas, indicating a lasting change in where people choose to live. This shift not only reshapes local economies but also impacts housing prices, infrastructure, and community development across the country.