Pandemic caused a spike in U.S. residential real estate prices
The Fed study concludes that the shift of employees to remote work caused by the COVID-19 pandemic has triggered an increase in real estate prices. Fed experts say that the pricing of the real estate market has changed since 2020.
The "remoteness factor" is now one of the key drivers of real estate prices, and therefore of inflation in the United States. Over the past two years, real estate prices in the country have risen by 24%.
