4 Real Estate Components Which Will Be Impacted
As a Real Estate Licensed Salesperson, in the State of New York, for over 15 years, I have observed, several previous, various types of markets. While, we often, think of only, buyers, sellers, and/ or, a neutral market, the present - day, pandemic, and associated, health, and economic crisis, will, most likely, have, some longer - term impacts, and ramifications, which might, permanently, change this horizon. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 4 specific, real estate components, which, will probably undergo, game - changing, longer - term, changes, and ramifications. 1. Housing market, pricing, buyers, etc: Since, in many states, restrictions imposed, in the so - called, social distancing, requirements, housing sales, marketing, etc, have, for the time being, stopped, completely! When this crisis, eventually, ends, how might this market, be affected? While the combination of low - interest rates, and pent - up desire