Commentary With the COVID-19 pandemic seemingly in remission, people have begun to consider its lingering effects. Chief among these is the impact of remote work. There can be little doubt that as workers are recalled, work from home will become less common than presently. But it will remain more prevalent than it was before the pandemic. Of particular interest is what the greater prevalence of remote work will do to people’s choices about where to live, and accordingly, to relative real estate values. So far, the trend has helped the suburbs at the expense of the cities, and there’s reason to believe that adjustments will continue and in time reverse what is a more than 100-year decline in small town living. There certainly are signs that remote work will remain much more common than in the pre-pandemic world. The Labor Department estimates that at least one-third of the working population, …
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