Comment on Return-to-office mandates are helping drive up housing prices in these 10 cities

Return-to-office mandates are helping drive up housing prices in these 10 cities

San Jose.Walter Bibikow/Getty ImagesAs companies call employees back to the office, more people are moving closer to their workplaces.This has increased competition among buyers in cities with a limited number of homes for sale.Buyers in San Jose face fierce competition and face the most above-asking prices in the nation.The rise of remote work freed many Americans from the daily commute to an office, empowering them to live wherever they choose.It led many people to leave bustling cities in the Northeast and on the West Coast for smaller spots in the South, particularly in states like Texas and Florida, where the cost of living is relatively lower, and the climate is more enjoyable.However, as businesses nationwide summon employees back to the office, many former remote workers are returning to the cities they once left or moving to commutable places.

 

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