Commercial real estate firms are beginning to implement lessons learned from the COVID-19 pandemic and create targeted measures to emerge stronger in the medium-term, according to Jim Berry, U.S. real estate leader at Deloitte & Touche LLP.
Homebuilders say new homes for the rental market could help respond to housing affordability and down payment challenges.
More house hunters are reportedly looking for homes with a pool and outdoor areas during the coronavirus pandemic.
While selling prices are remaining constant, the process of selling is taking longer as COVID-19 cautions persist.
Low rates are giving potential buyers “a good reason to continue shopping even amid the pandemic,” says Freddie Mac’s chief economist.
Record low mortgage rates will likely be a key factor in driving housing demand as state economies gradually reopen. Read more from NAR’s latest housing report.
The number of homes for sale has drastically declined. But home shoppers in these metros may have more luck.