The hot housing market has warmed up the winter months, but will the heat continue? Forbes asked their Real Estate Council experts about their predictions for the remaining winter months. Although multifamily construction has lagged in comparison to residential construction, one expert says multifamily real estate investments have not been affected and neither have prices. Another expert predicts the sizzling housing market will continue through winter, into the spring, and summer, noting no signs of a slowdown coming. And given the state of the economy, another expert says high-priced homes will become harder to sell.
2. Home Spaces Will Be More Important Than Ever
The pandemic has drawn everyone closer to home. Spaces and environments inside the home are far more important than in years past. A quiet workspace, lots of light and outdoor amenities have all become important assets to residential properties. This has been initiated by the pandemic and I anticipate these will be valuable assets in residences for years to come. - Laura Gottesman, Gottesman Residential Real Estate
3. The Housing Market Will Continue To Be Strong
The housing market has been and continues to be strong. This is due to lack of inventory, the new Covid value of "home "(which is now the office, gym, school and house of worship) and low interest rates. I do not see any signs of a slowing down of the housing market for spring or summer. - Steven Minchen, Minchen Team/Elevated Living Network, Inc