While much is unknown in today’s world, one thing is certain – the pandemic is altering industries across the board. Here are three trends real estate professionals predict will continue for the foreseeable future, according to Inman.com
Precautions with Showings: In an ongoing effort to limit exposure to the virus, expect to see fewer open houses this fall. By-appointment showings may be reserved for serious buyers only, and precautionary measures will likely continue to be prevalent.
Lingering inventory shortages: The number of resale properties on the market was low before the pandemic, and shelter-in-place orders caused some people to delay their plans to sell. Experts predict that the pent-up demand to buy is not going away any time soon, making this an ideal time for homeowners to list their properties.
Desire for more space: A recent poll from IBM found that 75% of employees in the US would prefer to continue working from home at least part-time, which may lead buyers to look for larger homes with room for a dedicated office. Commuting less often could also cause more people to consider buying properties in outlying suburbs or rural area with plenty of outdoor space.
