Markets that heated up during the pandemic, fueled by out-of-town money, are starting to cool, as migration shifts are showing people are wanting to live closer to work.
The 2020-21 march of high-paid remote workers to more affordable locations such as Boise, Austin, Phoenix and several Florida markets such as Miami, took their toll on local home prices, Redfin reported.
This also drove up inflation, as Redfin cited cities such as Miami and Phoenix suffered greatly.
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