Will the housing market crash? (May 2022)

The U.S. has experienced an unprecedented housing boom, largely caused by the Covid pandemic. Demand for homes in some markets has grown exponentially, especially as companies relax or lift rules about where employees work.

Apparently, many New Yorkers don’t think it makes sense to pay Manhattan (or even Queens or Long Island) prices when they can move to Florida. In fact, many Wall Street firms have offices in southern Florida cities such as Miami, Fort Lauderdale and West Palm Beach.

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