Housing is an is an inelastic commodity. Small shifts in supply/demand have a large effect on prices. Also WFH has decoupled housing prices from local incomes.

Housing is an is an inelastic commodity. Small shifts in supply/demand have a large effect on prices. Also WFH has decoupled housing prices from local incomes. Small town workers in desirable locations now have extra competition from AirBnB and WFH.