“Stress is mounting for the most obvious grey rhino in China, namely the real estate sector,” Natixis economist Alicia Garcia Herrero said. In one other side effect of the surge in distant work, 31.5% of Redfin.com users looked to move to a different metro area within the first quarter of 2021, an all-time high and up from 26% from a year earlier. That’s partly due Land & Plots to remote workers shifting to relatively affordable areas seeking larger houses, extra outdoor house and sunny weather. Speaking of a quick market, 61.4% of properties that went under contract in March had …
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