Hybrid Work Is Driving People To The Suburbs, Not To New Markets
Hybrid work may seem like a step into the future for the American workforce, but it looks to be turning back the clock on population movement.

Across the country, individuals and families have moved away from urban cores to less dense areas within their home markets, empowered to do so by the prospect of not commuting every day but not free to move to another metropolitan area altogether, a new working paper released by the National Bureau of Economic Research on Tuesday found.

"Overall, this finding suggests that the rise of so-called `Zoom towns,` smaller cities across America that have been marketed as remote work hubs, may not represent a broader long-term trend," wrote the authors, Stanford University economists Arjun Ramani and Nicholas Bloom.

RSK: If you live in the suburbs, this is probably true. You may have even moved to the "Burbs" for this particular reason. But the high price of a single-family home is making this a bit prohibitive and negates some of the value in moving there and thinking you will save some time and money.

- - Volume: 9 - WEEK: 24 Date: 6/8/2021 9:09:12 AM -