Real Estate Components Which Will Be Impacted

As a Real Estate Licensed Salesperson, within the State of New York, for more than 15 years, I have observed, several previous, various types of markets. While, we very often, imagine only, buyers, sellers, and/ or, a neutral market, the current – day, pandemic, and associated, health, and overall economy, will, more than likely, have, some longer – term impacts, and ramifications, which could, permanently, change this horizon. With that in mind, this document will attempt to, briefly, consider, examine, review, and discuss, 4 specific, real estate investment components, which, will likely undergo, game – changing, longer – term, changes, and ramifications.

1. Housing market, pricing, buyers, etc: Since, in numerous states, restrictions imposed, from the so – called, social distancing, requirements, housing sales, marketing, etc, have, for now, stopped, completely! When this crisis, eventually, ends, how might forex trading, be affected? While the combined low – interest levels, and pent – up desire, by some, to participate in in this essential the main American Dream, might, to varying degrees, balance variables, I believe, we’ll witness, overall, for most areas of the continent, reduced pricing, because, you will see fewer qualified, buyers. This is, largely, because, in the dramatic drop on hand market, etc, prices, and, thus, cut on interest rates find, their personal asset value, reduced. Perhaps, there might be some, government programs, that can help, but, these, will have to be certain, and we don’t witness another real estate property bubble, attributable to incoherent financing programs!

2. Storefronts/ retail: Because, many experienced to develop, alternative, technology – based ways, to promote their goods, the existing trend, which, already, was challenging, to your conventional retail market, become, all the more stressed! In the foreseeable future, we will likely, not see, any significant improvement, and, thus, more vacancies. How might this impact, especially, those smaller, house owners, with regard to their ability to take care of, and afford, ownership? It is also, probable, some companies, will decide, they want less space, and, obviously, which will have considerable impacts!

3. Office space: This crisis has created it necessary, for some companies, to own employees, work remotely. The longer, this continues, many corporations, will most likely, believe and realize, they don’t need, nearly as much workplace, and associated expense? How would that affect the quantity of vacancies, and lease pricing?

4. Rental apartments: Since, fewer people, will, probably, have the capacity to own, their unique homes, more will seek apartment rentals! However, since many probably will have, a greater portion of a post – Depression mentality, because from the economic, and fear aspects, on this crisis, it’s probable, luxury apartments markets, will be affected!

The immediate ramifications with this crisis, from a financial perspective, are likely, significant, inside the real estate industry, and associated markets! Be prepared!