For the latest evidence of a surging suburban sales market, look just outside Washington, D.C. There, a serious fixer-upper sold for 70 percent above its appraisal after receiving 88 offers — 76 all-cash, according to the New York Post. A buyer closed on the four-bedroom home in Silver Spring, Maryland, for $460,000, well above the $275,000 court-mandated appraisal that followed the owner’s death, according to the report. With home prices peaking in the area, the
The exodus: A rise in remote working could crater expensive housing markets
Why pay an arm and a leg to live near your Silicon Valley office if you don’t need to anymore? That’s what some highly-paid tech workers are asking themselves. The coronavirus pandemic has forced remote working on scores of companies and some have decided to embrace it. Some of their employees are taking it as an opportunity to escape the super high rents and home prices in the Bay Area, according to Bloomberg. Dylan Hecklau,