Real Estate Broker · Pinellas County · Member since 2016 · 166 posts · 114 votes
When is the coved real estate recession coming ? 2021?
I know of a lot of investors feeling the covid pain. Tenants not paying rent but still have a mortgage and bills. A lot of college rentals really are hurting. Commercial owners taking a beating.
A lot of the after Covid buying rush in many areas is coming to an end.
What’s everyone’s take? How’s your market looking?
The real estate market is by definition much slower than the stock market, so the effects of the economic crisis take longer to get reflected on prices.
I think in 12 to 18 months the real estate market will take a hit.
Investor · SC NC, VA · Member since 2020 · 1k+ posts · 756 votes
5y
The direct impact of covid is short-term and temporary (vacancies). The indirect impact will take years (substantially increased inflation, unstable stock market, rising taxes to pay for all this).
One thing is certain, housing will be in demand. Roof over the head is one of the basic needs. Those owning the roofs will be in a great position if they can withstand the impacts stated above.