The real estate narrative during the pandemic has been characterized by rising prices, tight inventory, and of people with the ability to work remotely leaving city-life for more room in the suburbs and exurbs. This last point- leaving the city for the ‘burbs- is clearly a pandemic desire revealed.
And now some buyers, who acted on the seemingly irresistible urge to buy in what for many was a completely new and unknown area, are having costly second thoughts.
Has the pandemic-related real estate trend been overplayed? Real estate listings in favored markets abound with houses priced at record highs with offers being made above listing prices, sometimes in a matter of days… how many folks will regret their decision? Was there perhaps a rush to judgement?
Here is an interesting article that encapsulates this segment of the pandemic-fueled real estate trend. Let me know what you think!
~ Brian Kasal- The Leadership Matrix
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