To be sure, this economic and real estate period will have a ripple effect for many years to come but may also give some perspective for future generations of owners. When the analysis begins to roll in about the real estate market of 2020, there will be much to learn from this downturn.
One insight that has been interesting to track is the comparison of affordable housing payments versus public housing payments. In fact, MRI Software studied the impact of COVID-19 on the affordable and public housing markets in its latest report comparing trends from January through November 2019 to 2020.
There are two notable findings related to payment volumes and occupancy: affordable housing payments dipped back again below 80% of the prior year while public housing climbed back to 96%.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
