Covid 19 and the new normal in Real Estate.
Just finished talking to a client about the real estate market going forward. I believe there will be a new normal. Companies are now seeing that telecommuting / working from home is now a REAL THING. It took the virus to create a forced paradigm shift. I have spoken to some of my past clients/friends that tell me there will be a shift to decreasing overheads and allowing people to work from home. Productivity appears to be up for most of their workers. I see this allowing people to get out of the high density high cost cities. Many of them will be looking for a better quality of life. Looking for a place where they want to retire. Lookout small town America, the waves are starting to come.