It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to the future and make predictions about the lingering effects the COVID-19 pandemic will have on the industry.
Here are the top five top predictions for real estate once the pandemic subsides.
Buyers will upsize
“Microapartments” were supposed to be the wave of the future, but city dwellers who have been cooped up in one or two rooms will likely be looking to spread out (and the owners of larger spreads have already decamped to their vacation homes).