Remote Work Revolution: Employees Forced to Sell Homes at a Loss Due to Return-to-Office Policies

Return-to-office policies are becoming a significant factor in the housing market, with about 10% of home sales driven by employees forced to end remote work. As more companies require employees to come into the office at least a few days per week, some people who had moved away from big cities during the pandemic are now selling their homes to comply with the return-to-office mandates. This difficult decision is often driven by the choice between selling at a loss or losing their jobs. Additionally, the increase in mortgage rates has further limited affordability for prospective home buyers.