Bold Predictions About 2021 Real Estate Market
The coronavirus has impacted the lives of people worldwide, and perhaps the most surprising element has been how COVID has positively affected the U.S. real estate markets.
Read the full article here: https://rismedia.com/2020/12/12/buffini-bold-predictions-real-estate-market/
In summary, industry expert, Brian Buffini, founder, and chairman of Buffini & Company made these three bold predictions:
1. Decentralization
“People are moving into the suburbs and beyond. One of the greatest indicators is what renters are doing.”
2. The Changing Face of Relocation
“Remote workers are on the move. Between 14 and 23 million plan to relocate due to working remote.”
3. Upsizing
“People want high-speed internet, kids’ classrooms, more rooms, etc. We’re going to have even more competition in the move-up market.”
Buffini said that for next three years, as interest rates stay low per the Federal Reserve’s guidance, real estate professionals should put in extra efforts and make sales, even buying the very assets they sell.
“Eventually, we are going to have some sort of inflation. And what’s the greatest hedge against inflation? An asset—real estate is the greatest one,” said Buffini.
