My guess is because with the rise of telework/distributed people don’t need to live in urban centers, therefore they are more flexible on where to live, therefore want houses and walkable neighborhoods. Since it’s hard to make more of these quickly, demand will rise.

If more companies come out of COVID with liberal remote work policies, and I think they will to compete, this will make demand for these houses go way up as people start making long term plans (eg, “I can’t move the kids to a new school until I find out if work sticks with telework”).

I also wonder if there are more exurb dev deals breaking ground with planned communities 1 hour away from large metro areas. I think it’s good time to invest in semi-remote small towns with fiber to the home.