I think a lot has to do with so many people not going back to the office. Many in my company are working from home, and it in all likely hood will become permanent. Home could be anywhere they want it to be. I'm thinking no travel to and from work saves a bunch for a lot of people. That in turn allows them to spend more on housing. They can move out of a crap hole, and move themselves to a better place/neighborhood. Of course, that also allows them to turn the new local into the old local.
Clyde
Agree but that will be a cycle too. People will learn that there are VERY real downsides with WFH. And while "home can be anywhere" works for some places - a hybrid where you'll still need to travel then to see clients or the home office often means you have to be within XX miles of an "international airport with direct flights to XXX" - as a condition of employment too.
