The past year has significantly impacted the real estate market. When COVID hit, people stopped buying houses for many reasons and it sent the market into a spiral. Now that things are inching towards normal, there are still several factors that will continue to impact the market.
Laura Gottesman, the owner of Gottesman Real Estate shared her take.
“Looking ahead in residential real estate, I see less urgency to buy as more people get outside of their homes and are drawn back to other activities.” Gottesman said. “Robust cities will remain very strong and prices should stabilize for the short term as more inventory emerges. The exodus from metropolitan areas should subside and second home markets are likely to experience a softening.”