Predictions from Chief Economist of Leading Real Estate Companies of the World®, Dr. Marci Rossell, are positive about the state of the upcoming real estate market.

– What’s happening now may simply be a real estate “pause” – we’ll see a temporary slowdown as people practice social distancing protocol and wait to see how their job situation changes in the coming months. This could create pent up demand for when the crisis ends.

– People may wait to sell or buy a property, but the need won’t go away. People will take action when things return to normal.

– Historical trends indicate that stock market volatility often leads people to invest more in real estate as they diversify their portfolios and seek less volatility.

– After being cooped up at home with family for an extended period of time, people may look to upgrade to a bigger home. People may also look for additional home office space.