There is more remote work where the weather is nice, when you're not tied to a location because of your job, you can choose where you want to be. Many of these places... are attractive to people who can move to a place for lifestyle and not for work.

Johannes Wieland

We were pretty shocked remote work had this impact, once we saw the estimates, we thought about how people moving to different locations would be important. And it is. But it is the people who are remaining in a metro area -- the people who need more space at home if they work at home -- that is really pushing up prices. That is the majority of the story.

Johannes Wieland

It is hard to work at home in New York City, for example, lower-density areas are more attractive for remote work.

Johannes Wieland

Where more people are working remotely, that's where the home prices grow.

Johannes Wieland