4 Real Estate Components Which Will Be Impacted

4 Real Estate Components Which Will Be Impacted

4 Real Estate Components Which Will Be Impacted


As a licensed Real Estate Salesperson, in New York State of New York, for over 15 years, I have observed, several previous market types. While, we often, consider only buyers selling, buyers, or, an unregulated market today, the current pandemic and its associated health kingdom valley Islamabad noc, economic, and crisis, will, most likely, result in longer - term impacts, and ramificationsthat could, permanently, change this horizon. With that in mind this article will attempt to briefly look at, analyze and then discuss four particular real estate components, which, will probably undergo, game - changing long-term changes, and ramifications.

1. Housing market, pricing, buyers, etc.Since that time, in many states, the restrictions that are imposed in the so - called social distancing or social distancing requirements for housing sales, marketing, etc, have, to date been completely removed! As this crisis eventually, ends, how might this marketchange? While the combination of low - interest rates, and pent - up desire among some, to participate in this essential part of the American Dream, might, to some extent, balance other elements, I believe that we will experience, generally, across the majority of areas of the nation, reduced pricing, because, there will be less qualified prospective buyers. This is, largely, due to the drastic drop in stock market, etc, prices. As a result, many will find, the value of their personal assets drastically diminished. Perhaps, there may be certain government programs to aid, but those programs must be certain, we don't witness another real estate bubble that's caused by unclear financing programs!

2. Storefronts/ retail:Because there are many who have had to create alternative, technology - based methods to market their merchandise this current trend that was already difficult for the traditional retail market, has become even more stressful! In the foreseeable future we may never see any significant improvement, which will result in more vacancies. What effect will this have, particularly the smallest property owners, with regard to their ability to maintainand pay for their ownership? It is also, probable, many companies, will decidethat they need less space, and surely, this will cause significant consequences!

3. office spaceThis problem has led to it becoming necessary, for many businesses, to have employees, work remotely. If this trend continues the more corporations will probably, believe and recognize that they don't need nearly as much office space, and related expenses? How will that impact the amount of vacant office space, and lease pricing?

4. Apartments for rent:Since, fewer people, will, probably, be able to own, the homes they want, more of them will seek apartment rentals! Since a majority of them will probably be more of a post Depression Depression mentalitydue to the economic, and fear aspectsof the current situation, it is highly likely, luxury apartments markets, will be affected!

The immediate implications of this recession, from an economic standpoint are likely to be significant for the real estate industry, and related markets! Prepare yourself!


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