Home sales up 8.6% in July; average price up 5.8%

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  • Rental Property Investor · Destin, FL · Member since 2016 · 91 posts · 55 votes
    6y

    It will be interesting to see where the economy goes with the amount of money the government is pumping in.  I could see the economy dipping, especially during election season, however I would be surprised if it was the real estate market like in '08.  The market would likely be affected, but not to the same levels.
    I am more interested to see what millennials will do following COVID.  They are approaching the population of baby boomers.  Most millennials do not mind paying for higher rent in big cities and living with roommates.  However, the large scale closures in large cities caused many to move back home to mom and dad.  It will be interesting to see if there is a trend to leave the cities after covid and live in some other type of trendy location.

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