This year has been a whirlwind for sure, no matter what industry you are in. Forbes recently came out with an article titled “15 Predictions for the Real Estate Market in The Second Half of 2020”, which I imagine you are just as curious about as I am.
According to the article, entrepreneurs from the Forbes Real Estate Council gave the following predictions for the second half of 2020:
1. Demand for Housing Will Remain Robust…
2. Home Sales Will Get Closer to 2019 Levels…
3. Refinance Demand Will Continue…
4. Substantial Increases in Foreclosures…
5. Remote Work Will Affect Home-Buying Decisions…
6. Mass Adoption of Tech to Limit Human Interaction…
7. Virtual Tours With Human Guidance…
8. Capital Reallocation Between Real Estate Classes…
9. More Preferred Equity Fund Offerings…
10. Class B Multifamily Properties Will Remain Solid…
11. More Opportunity To Acquire At A Discount…
12. Commercial Real Estate May See A Slowdown…
13. Warehousing Market Will Continue to Grow…
14. Growing Interest in Suburban Or Rural Living…
15. More Interest in Properties with Fitness Amenities…
For a more detailed look into these predictions, be sure to read the full article from Forbes by clicking here.
