Jan
11
2022
Report: Federal Reserve Bank Finds Trends on Pricing & Time at Home
As we all know, the public’s increased time at home led people to buy homes or more square footage, according to a study by economists at the Federal Reserve Bank of Kansas City. Even after the pandemic, people are spending 5% more time at home, “which correlates with a nearly 4% increase in home prices found in most of the counties in Colorado, New Mexico, and Wyoming,” according to the study. Many homeowners are not listing their homes on the market because they still need space for remote work, distance learning, and private spaces.