Are We Entering The Post-Pandemic Comeback?

By
Real Estate Technology with Digital Marketing Consultant

Are we entering the post-pandemic comeback? Socially, it feels like it - in terms of real estate, the situation isn't so clear.

Despite uncertainties about the future market, when I woke up this morning the birds were singing, people were active outdoors, and spring was here. Everyone I'm close to has been vaccinated - and the few colleagues that haven't are planning on it.

People are finding work again - jobs are rebounding in the economy, and despite a massive wave of debt from pandemic spending, household income should at least be starting to stabilize.

Businesses are re-opening. My wife's preschool is back in session, and her biggest complaint is that phase 2 restrictions have limited her school to 1/2 capacity, which means she's turning away potential customers.

All of these changes are good things: as spring arrives, it seems the USA is slowly crawling out from the under clutches of fear and uncertainty from the virus. It's certain that our society will be picking up the pieces for quite a while, but for the time being it's enough progress to celebrate.

In terms of real estate itself, we still don't know where things are going. Once the moratorium ends, will there be a market crash? Will prices plunge, and foreclosures boom? I certainly anticipate upheaval in the rental market, and federally-backed mortgages may see some chaos as well, but perhaps we'll only see a market correction rather than a collapse.

Whatever the case may be, things are looking up right now. It's been a long, hard couple of years for all of us, and we all deserve a little spring sunshine.

Comments (10)

Steve Keighery
Home Buyer Louisiana - New Orleans, LA

Yes we are coming out of it now and should have a good period of catchup growth. Tourism is coming back which will help tourist based economies like New Orleans where I am based. There is a lot of pain though with business closures, job loses etc so when stimulus fades away and reality hits who know what will happen. 

Apr 07, 2021 09:40 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It'll be interesting to see where it goes in eight months from now and a little bit beyond

Apr 07, 2021 09:55 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Apr 08, 2021 03:18 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Tim -  if there is too much debt that is always a signal but the real estate lending has not be that loose.

Apr 08, 2021 03:23 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

We had our first in person sales training on Tuesday since the pandemic hit and it was so good to be back and not have to look at everyone on a screen.  Great blog, hope you have a wonderful day!

Apr 08, 2021 05:03 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Would love to have a time machine and jump in to look at things 1 or 2 years in the future. Great post, thanks and make it the best Thursday.  Bill Sa;vatore

Apr 08, 2021 05:24 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

It's nice to be over the hump and on the downside of the curve, and I hope I'm not speaking too soon.

Apr 08, 2021 08:11 PM
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Huh, I thought the market is booming in my area & things are on a upturn for some time. I am concerned about the rental market when the evictions will begin again (May 1st). Most of my friends that do management say only a small portion of their clients were behind & they got help to make the lease whole.

Apr 09, 2021 01:26 PM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I also wonder if there will be a market crash...buyers are spending so much, appraisers are supporting some pretty ridiculous pricing in my opinion...at some point, something is going to happen.

Apr 10, 2021 04:49 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are enjoying a productive spring.

Take care, be safe and have a lovely weekend.

May 01, 2021 12:48 AM