In 2020, despite a global pandemic and lockdowns, the housing market did not crash; instead, U.S. home prices soared 43% due to remote work and low mortgage rates.
The pandemic housing boom created a historic tailwind for the real estate sector, benefiting mortgage lenders and homebuilders, while office real estate faced significant challenges.
Fast-growing companies in the real estate market, like Realty.com and Fromley, successfully leveraged the housing boom, with some areas seeing price surges of 60% or more.
The rise in remote work led many individuals to seek homes with more space, further driving the demand for real estate and reshaping market strategies.
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