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Breaking down ResiClub's remote work poll: Key findings unveiled
I polled my +79,000 followers on X.com (formerly Twitter) last month. In total, 1,612 users participated
Lance Lambert
March 11, 2024
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At a basic level, a metropolitan area is really two things.
A local job market
A local housing market
Look no further than the fact that the U.S. Census Bureau calculates metropolitan area boundaries based on commuting patterns (home —> job). For example, the Louisville metro includes just over a dozen counties in Kentucky and Indiana.
During the pandemic, that job market/housing market relationship was slightly weakened as the work-from-home boom enabled individuals employed in New York City's job market to relocate, for instance, to Boise, Idaho, while continuing to earn their New York City salary. This, of course, contributed to additional upward pressure on home prices in some secondary markets and areas far from urban centers.
That's why one of the biggest questions in housing is just how sticky work-from-home/hybrid arrangements will prove to be.
According to an analysis by ResiClub of the latest U.S. Census Bureau data, 15.2% of U.S. workers were still working remotely at the end of 2022. Although this percentage has decreased from 17.9% in 2021, it remains significantly higher than the 5.7% figure recorded in 2019. The official government data lags behind, so it will be a while before we receive the official 2023 figures.
To better understand current trends, I polled my +79,000 followers on X.com (formerly Twitter) last month. In total, 1,612 users participated.
The finding?
Among my followers on X.com—who likely skew demographically towards the professional types of jobs that would more likely be remote/hybrid—it's clear that work from home peaked in 2020 and has slowly declined since then. That said, we're still far from pre-pandemic 2019 levels.
Percentage of my X.com followers who work full-time and say they worked fully remote in…
April 2019: 16.6%
April 2020: 75.9%
April 2021: 62.7%
April 2022: 43.8%
April 2023: 37.3%
February 2024: 35.1%
Big picture: While the work-from-home (WFH) boom has lost some of its momentum, with some employers pulling workers back into the office, remote work hasn’t fully returned to pre-pandemic levels.
Last week, ResiClub PRO members got the following research articles: