The coronavirus, which has changed personal behavior and frozen a great deal of social and economic activity, has also reduced the movement of people, slowing real estate markets, according to a new report from a professional organization.
It's also likely to transform the way real estate markets work for years to come, according to a report from The Counselors of Real Estate, an invitation-only group of 1,000 leading real estate advisors, that said COVID-19 has created "unprecedented challenges to mobility."
The pandemic and economic renewal were the top two issues listed in CRE's report, "The Top Ten Issues Affecting Real Estate" for 2020-21.
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Michael Riccardi
Michael Riccardi has been a reporter and editor at ALM publications for more than 20 years. A graduate of Villanova University's law school, he lives in Philadelphia. He can be reached at [email protected].
