Tired of COVID? Wondering what will happen in real estate Post-COVID?
COVID, COVID, COVID. It seems like that is all we hear about. Well, that and the craziness of the election. When COVID-19 hit the previously optimistic real estate industry, it hit hard and the industry went pessimistic in a matter of days. There is a disconnect on pricing between sellers and buyers. Lending activity is still slow to recover because of the uncertainty of the economy. It does sound a little dire, I know. But not all real estate is considered equal. Commercial real estate, particularly multifamily in the larger cities, have been more resilient.
As the economy recovers, the federal government still plans to keep interest rates near zero until 2023 in an effort to stimulate growth and there continues to be an interest in investing in commercial real estate because of its diversification benefits. That being said, there is still a rocky road ahead. What is the outlook for the real estate market? There are alot of predictions floating around so we decided to get to the heart of the matter.
On December 16th at 1 p.m. ET, we are hosting a live debate on who the winners will be in 2021. Net Sellers or Net Buyers?
We have invited Brandon Kramer, Senior Associate and Associate Director of Marcus & Millichap, Anna Dwyer, Senior Acquisitions Associate for City Line Capital, Josh Satin, Vice President of Acquisitions for Gelt Inc., and Scott Lebenhart, Director of Acquisitions with Ashcroft Capital to debate what real estate investors should expect through the end of 2020 and into 2021.
It has been proclaimed for years that it is a buyers market. But the dynamics have shifted with the pandemic and it is affecting both sellers and buyers. Who will be the ultimate winner?
Register HERE to attend the virtual debate and get insight on what to expect.
Disclaimer: The views and opinions expressed in this blog post are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.