Redfin: These 31 major housing markets have shifted to buyer’s markets

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During the pandemic housing boom, housing demand surged rapidly amid ultralow interest rates, stimulus relief, and the remote work boom—which increased demand for space and unlocked “WFH arbitrage” as high earners were able to keep their income from a job in, say, New York City or Los Angeles, and buy a home in, say, Austin or Tampa.

Federal Reserve researchers...