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Rebound: Zillow conducts survey on working from home

Posted at 6:08 PM, May 29, 2020
and last updated 2020-05-29 19:08:10-04

As the nation continues to rebound and remote work becomes likely more permanent, we're looking at the potential positive impacts.

In the housing market, Zillow found a majority of people surveyed said they would consider moving if they had flexibility working from home, generally to a larger home in the suburbs where prices also tend to be less expensive.

"But maybe not the open kitchen layout or the open living spaces that are so popular for parties and pretty challenging for conference calls," explained Skylar Olsen, Zillow Senior Economic Principal Economist. "So you're also looking at houses that have dedicated rooms whether its an extra bedroom or dedicated office space."

A possible silver lining if a new trend to suburbia emerges - some of the most expensive housing prices around downtown and busy metro areas could relax.

Right now, Zillow predicts home prices will drop about two to three percent before rising again after the fall.

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