Will the Housing Market Crash? (May 2022)

The United States has experienced an unprecedented housing boom caused largely by the Covid pandemic. Demand for homes in certain markets increased exponentially especially as companies loosened or eliminated rules about where employees had to work from.

Clearly, many New Yorkers decided that paying Manhattan (or even Queens or Long Island) prices made no sense when they could move to Florida. In fact, a number of Wall Street firms took office space in southern Florida cities including Miami, Fort Lauderdale, and West Palm Beach.

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