Source: Yahoo Finance —
The pandemic didn’t just upend the working world, it also has brought about some seismic shifts in residential real estate.
Large cities, which previously dominated the list of the country’s top real estate markets, are losing their appeal as people discover they can work from anywhere, spend less, and escape dense crowds. And that has unleashed a flood of demand for smaller metro areas.
In fact, the two top cities in PwC’s 2022 Emerging Trends in Real Estate report have populations of less than 2.5 million. Former stalwarts, such as Los Angeles, San Francisco, and Washington, D.C., meanwhile all failed to make the top 10.