I think another factor for continued demand is what some have called the "millennial baby boom". Millennials are aging and getting to the point where they are c

I think another factor for continued demand is what some have called the "millennial baby boom". Millennials are aging and getting to the point where they are confronting having a child or not. Those that want kids likely also want a house, and those same people are probably also the most likely to want to work remotely. They are also likely the group that has been living in a city and are thinking to move out of the city closer to family, to a larger house, where they can raise the kids they want and have them go to a good public school. I think these may be some of the bigger factors that are pushing the continued demand in the housing market. Also the idea that interest rates are at a historic low in the US, many are thinking they should nab a house they can right now and lock in the rate. They are also afraid of inflation so waiting means higher priced houses and higher interest rates, which means they have to go to a "worse" neighborhood or area, or less of a house. So the pressure is to get something now. It's hard to see this demand going away for the next 5-10 years while millennials are having their babies. We will see.